NUR 621 Topic 2 Discussion 1&2 Paper

NUR 621 Topic 2 DQ 1 AND 2
NUR 621 Topic 2 DQ 1
Leadership in clinical space was confined to service managers. However, this has significantly changed as they have become involved in leadership practices. Nurse leaders are required in various healthcare contexts to ensure desirable outcomes (Mrayyan et al., 2023). They have a significant function in the financial management of healthcare organizations (Paarima et al., 2021). Nurse leaders are involved in the design, adoption and monitoring of healthcare organization budgets (ANA, 2023). Capital budgeting is the process of evaluating the financial viability of a capital investment over the project’s life. Nurse leaders are required to make decisions on capital projects to ensure these projects have the desired outcomes.

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There is vital information that nurse leaders should have before they can approve capital purchases. For instance, nurse leaders should understand the economic costs and benefits of projects before they can approve capital purchases. They do cost cost-benefit analysis to assess the economic costs and benefits of specific projects by understanding the costs and health benefits of capital purchases in terms of monetary value (Novikova et al., 2023). The nurse leader should also have an understanding of the current and future needs. Therefore, they should be able to have a complex understanding of the capital purchase’s operations, staff use and patient volume. There is a need to understand how the capital purchase can improve patient care and the efficiency of the hospital efficiency. The nurse leaders should also understand how the interdisciplinary teams feel about the capital purchase. It is important to understand the practical benefits and issues of the purchase. Lastly, the nurse leaders should understand the long-term maintenance costs of the capital purchase. It is vital so that the healthcare organization can prepare for the costs linked to the purchase.
References
ANA. (2023). Financial Management Skills for nurse managers. https://www.nursingworld.org/content-hub/resources/nursing-leadership/nursing-financial-management/
Mrayyan, M. T., Algunmeeyn, A., Abunab, H. Y., Kutah, O. A., Alfayoumi, I., & Khait, A. A. (2023). Attributes, skills and actions of clinical leadership in nursing as reported by Hospital Nurses: A cross-sectional study. BMJ Leader, 7(3), 203–211. https://doi.org/10.1136/leader-2022-000672
Novikova, T., Kaneva, M., & Zafarjonova, M. (2023). Cost-benefit analysis for Health Project Evaluation (example of a Russian outpatient clinics’ project in the Novosibirsk region). Frontiers in Public Health, 11. https://doi.org/10.3389/fpubh.2023.1073964
Paarima, Y., Kwashie, A. A., & Ofei, A. M. (2021). Financial management skills of nurse managers in the Eastern Region of Ghana. International Journal of Africa Nursing Sciences, 14, 100269. https://doi.org/10.1016/j.ijans.2020.100269

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NUR 621 Topic 2 DQ 2
The Master of Science in Nursing focusing on nursing leadership in healthcare systems seeks to develop nurses with leadership skills to navigate the increasingly dynamic healthcare environment. This course offers an opportunity for nurses to pursue areas of leadership and consequently influence healthcare organizations at the leadership level. After watching the video, the main question I have concerning the program is whether there will be a practicum project which will offer students an opportunity for practical work experience. These practicum projects prepare nursing students for future work and focus on the importance of learning by doing (Kaihlanen et al., 2021). Therefore, practical practice will be vital.
There are various things I look forward to learning concerning this program. First, it is important to learn how to lead diverse healthcare teams. The healthcare sector is complex and often involves broken-down tasks delegated to various healthcare professionals (Yousaf et al., 2021). Therefore, there is a focus on quality of care as an outcome of collaboration between healthcare teams. It requires the working of diverse teams to ensure the provision of quality healthcare services. Leadership in healthcare teams requires the skill to lead diverse teams and ensure collaboration to enhance the quality of care. Second, the program will potentially develop the ability to lead improvement processes in healthcare. Learning good leadership skills is essential as it helps nurse leaders identify opportunities to improve the healthcare process (Drew, 2020). Additionally, it develops skills to identify frontline healthcare staff and lead in a manner that promotes collaboration and engagement. I selected the MSN-Leadership course since it offers the necessary skills to lead others in the increasingly dynamic healthcare environment. It helps develop the skills necessary to lead diverse teams, implement change, adopt financial management principles, lead improvement processes and motivate others to achieve the set goals.

References
Drew, J. R., & Pandit, M. (2020). Why healthcare leadership should embrace quality improvement. BMJ, m872. https://doi.org/10.1136/bmj.m872
Kaihlanen, A., Gluschkoff, K., Koskinen, S., Salminen, L., Strandell‐Laine, C., Fuster Linares, P., Sveinsdóttir, H., Fatkulina, N., Ní Chianáin, L., Stubner, J., & Leino‐Kilpi, H. (2021). Final clinical practicum shapes the transition experience and occupational commitment of newly graduated nurses in Europe—a longitudinal study. Journal of Advanced Nursing, 77(12), 4782–4792. https://doi.org/10.1111/jan.15060
Yousaf, M., Khan, M. M., & Paracha, A. T. (2021). Leading professionally diverse workgroups of healthcare professionals for improving quality of care. Journal Of Organizational Behavior Research, 6(1), 106–119. https://doi.org/10.51847/hzxov7ry2b

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Topic 2 DQ 1

Assessment Description

Discuss the information you would need as a nurse leader before you could approve a capital purchase.

Topic 2 DQ 2

Assessment Description

Watch the “Welcome to MSN-Leadership in Healthcare Systems,” video in the Student Success Center. What questions do you have about your program? What are you looking forward to the most? Why did you choose MSN-Leadership?

Resources

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Financial Management for Nurse Managers: Merging the Heart of the Dollar

Required

Read Chapter 4 in

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Budgeting for Results

Required

Read “Budgeting for Results,

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Chapter 6 – Planning and Budgeting

RequiredRead “Chapter 6 – Planning a

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