Fiscal Ratios of Concern in Developing the Budget
In this assignment, you will discuss the fiscal ratios needed for examination.
Research the fiscal ratios that are of concern to nursing leaders while developing budgets. On the basis of your understanding, respond to the following questions:
What are the three most important fiscal ratios used in your healthcare facility or a healthcare facility you are familiar with (e.g., a hospital, a health clinic, a nursing home, or an outpatient center)?
Why are these ratios important to your effort as a nursing leader to provide value-based care?
What are the two critical questions that the nursing leader must consider for nurse-patient communication, patient outcomes, and patient safety? Provide a rationale for the questions you chose.
What variables and issues did you consider in the development of the two critical questions? Why?