Question

Within a healthcare environment, where the gap between revenues and costs can mean the difference between sustainability of an organization and nonsustainability of an organization or services, it is critical for nurse managers to:

a. Maintain a clear vision of how to trim healthcare costs.
b. Balance value-added services against costs and revenues.
c. Consistently delete programs that are of high cost.
d. Implement programs that bring in additional revenues.

Answer 1

Nurse managers need to balance services, costs, and revenues in healthcare. Understanding supply and demand dynamics with rising nurse salaries is key. Optimal policy-making requires addressing costs, patient quality of life, and privacy concerns.

Step-by-step explanation:

Within a healthcare environment, it is critical for nurse managers to balance value-added services against costs and revenues. The challenges faced in the market of healthcare professionals, particularly nurses, can be understood through the study of supply and demand.

Factors such as rising salaries may lead to a reduction in the number of nurses hired and prompt hospitals to seek alternatives like investing in technology or employing lower-paid aides to maintain financial sustainability.

Effective policy-making must address the complex interplay of treatment costs, patient quality of life, and privacy risks. This can include posing questions around how to manage these variables while adhering to ethical standards and financial viability.

Greater emphasis on value-added services should be weighed carefully against the operational costs and the generated revenues to ensure the long-term sustainability of healthcare organizations.

Thereore, the correct answer is b. Balance value-added services against costs and revenues.