Reflect on the unit topic. Type the following in your Reflective Journal/Blog.
1. Share what you had expected to learn about the topic before the class.
2. What you actually learned from the unit.
3. How you will utilize the information learned in your nursing practice.
4. Your personal feelings about the material covered.
When finished with your entry, place one sentence in this assignment stating your Reflective Journal/Blog entry has been made.
Before class, I expected to cover budgeting in percentages, for example, 2% going to office supplies. We learned about budgeting and how some aspects of budgeting cannot be changed, while others can flow from one part to another more flexibly. Hospitals have about 175 items for which they budget. The budget is divided by revenue and expenses and the monthly budget is compared to the year-to-date budget and actual figures. Acuities are an important aspect of budgeting for healthcare and can mean the difference between $500 and $2,000 per shift. During our budgeting exercise, I learned that, unfortunately, the best and easiest way to cut the budget is to cut nursing staff or just nursing hours. I will keep this information in mind if I am ever in a management position, but even as an RN without a higher position. If budget cuts were necessary, I would hope that I have worked impressively enough that management would consider me too valuable to cut. It was an interesting exercise and I hope I don't have to make those tough budgeting and possibly firing decisions.
1. Share what you had expected to learn about the topic before the class.
2. What you actually learned from the unit.
3. How you will utilize the information learned in your nursing practice.
4. Your personal feelings about the material covered.
When finished with your entry, place one sentence in this assignment stating your Reflective Journal/Blog entry has been made.
Before class, I expected to cover budgeting in percentages, for example, 2% going to office supplies. We learned about budgeting and how some aspects of budgeting cannot be changed, while others can flow from one part to another more flexibly. Hospitals have about 175 items for which they budget. The budget is divided by revenue and expenses and the monthly budget is compared to the year-to-date budget and actual figures. Acuities are an important aspect of budgeting for healthcare and can mean the difference between $500 and $2,000 per shift. During our budgeting exercise, I learned that, unfortunately, the best and easiest way to cut the budget is to cut nursing staff or just nursing hours. I will keep this information in mind if I am ever in a management position, but even as an RN without a higher position. If budget cuts were necessary, I would hope that I have worked impressively enough that management would consider me too valuable to cut. It was an interesting exercise and I hope I don't have to make those tough budgeting and possibly firing decisions.