MSN6216 | Finance in Business - Capella university

MSN6216 - Advanced Finance and Operations Management Unit 1 Discussion DQ1 Allocation of Resources Discuss the concept of market in facilitating efficient allocation of health care resources. Provide one specific example of how you, as a nurse leader, will apply this concept to the financial management and operation of a health care facility or unit. How does market relate to demand? What demand shifters are factors in your facility or unit? Are these factors that nurse leaders can influence? Ensure that your discussion post is adequate in length by following the requirements for postings found in the Faculty Expectations Message (FEM). In addition, be sure to cite at least one source from the assigned readings or other professional and scholarly literature, as applicable, to support your position, substantiate a claim, or when referring to the ideas or work of others. Response Guidelines Read as many posts as time allows. Respond to the required number of peers and use the word count stated in the FEM, preferably responding to posts that have had few or no responses. Your responses are expected to be substantive in nature. You are encouraged to ask questions, elaborate on a particular point, offer an alternative viewpoint, or add comments that extend or sustain the dialog. Remember to cite your sources, as applicable.

As you contemplate your response, consider the following questions:

In what respects are the demand shifters that affect your facility similar to or different from those your colleague identified? How does your view align with that of your colleague regarding the nurse leader’s influence over factors affecting resource allocation? Learning Components

This activity will help you achieve the following learning components:

Identify the factors that determine effective allocation of resources. Identify required resources for labor, equipment, and services. Apply the principles of effective composition. Proofread and edit written communications. DQ2 GDP and Health Care Discuss the portion of the U.S. gross domestic product (GDP) comprising U.S. health care expenditures. What must change in the U.S. health care delivery system with regard to patient care and the costs of that care? How can the reality of utility complicate or reinforce these changes? Ensure that your discussion post is adequate in length by following the requirements for postings found in the Faculty Expectations Message (FEM). In addition, be sure to cite at least one source from the assigned readings or other professional and scholarly literature, as applicable, to support your position, substantiate a claim, or when referring to the ideas or work of others. Response Guidelines Read as many posts as time allows. Respond to the required number of peers and use the word count stated in the FEM, preferably responding to posts that have had few or no responses. Your responses are expected to be substantive in nature. You are encouraged to ask questions, elaborate on a particular point, offer an alternative viewpoint, or add comments that extend or sustain the dialog. Remember to cite your sources, as applicable.

As you contemplate your response, consider the following questions:

Do you agree with your colleague’s assessment of needed changes in U.S. health care? Why or why not? Do they have credible evidence for their claims? What counterarguments might you present? What additional thoughts can you offer about the prospects for change? Learning Components

This activity will help you achieve the following learning components:

Proofread and edit written communications. Identify the major factors affecting staffing and productivity. Apply the principles of effective composition. Define and describe financial goals. Identify factors affecting the budget.