Question

A nurse manager's responsibility for financial management involves making budgetary decisions. Budgets that allow the nurse manager to allocate resources at the unit level allow:

a. Minimal nurse manager input.
b. Limited rationale for budgetary requests.
c. Budgetary allocations at the executive nurse level.
d. Budgetary decision making at the point-of-service (POS).

Answer 1

Nurse managers play a central role in financial management at the unit level, making point-of-service budgetary decisions to allocate resources efficiently based on the immediate needs of their departments.

Step-by-step explanation:

A nurse manager's responsibility in financial management, particularly regarding making budgetary decisions, encompasses the ability to allocate resources effectively at the unit level. This capacity is crucial as it empowers nurse managers to make budgetary decisions at the point where healthcare is delivered, known as the point-of-service (POS). By doing so, nurse managers can ensure resources are used efficiently and responsively to meet the immediate needs of their units. When nurse managers are involved in the budgeting process, it provides them with a framework to justify their budgetary requests based on specific needs and goals of their departments, leading to well-informed and tailored financial decisions.