Assessment and Leadership Skills
MHA FPX 5012 Assessment 3 Greet everyone, I am __, and today I will present my leadership plan with the aim of increasing the economic strategy and status of my organization. This report will analyze the current economic leadership landscape and propose strategies to address economic intervals in our health organization. Economic management in health organizations creates important challenges, and requires skilled management to navigate. Leaders play an important role in managing and planning hospitals, affecting organizational priorities and goals, and managing the financial resources of hospitals. In the context of the Home Health Agency, financial goals have a sufficient impact on management decisions. The hospital will install an internal scale related to available financial resources and attempts to maintain a balanced fiscal structure in the organization. Based on previous analyses such as pests and SWOT assessments, this report will identify two important financial goals to facilitate performance management and growth for the nursing department.
The organization aims to assess financial management strategies using insights from SWOT and insect analysis. According to Cabrals and Oram (2019), the performance indicators for Healthcare Finance (CPI) include the economic and quantitative matrix required for effective financial level and objectives in hospitals (Beitz, 2019). The nursing department must first identify service lines or income -generating areas of financial managers. By observing these areas, operations and financial campaigns become possible. Large performance indicators (KPI) play an important role in assessing the effectiveness of economic activities in the nursing department. The organization uses KPI taken from the national structure.
MHA FPX 5012 Assessment 3 Financial Leadership
The strategic financial plan acts as a Lynchpin to ensure budget distribution and long -term financial success for the hospital. The recommended stages include creating a comprehensive declaration of mission and vision, coordinating the plans of the nursing department with the organization’s assignments and vision, assessing the external environment for new opportunities and developing a strong plan with the capital budget (Cabral, 2019). These goals require evaluation of the organization’s financial results, and compare the current performance with historical data to develop financial estimates. This comprehensive approach helps to coordinate strategic goals with economic goals, and ensure a sound financial plan (Cabral, 2019).
MHA FPX 5012 Assessment 3 The anomalies between economic results from year to year and predetermined goals highlight areas required to be aware. For example, the offering of computers and tablets for nurses is only 55%, which is far below the target of 80%. The goal of mentioning new rented nurses in 60 days look for 90 days due to boring performance and insufficient attention to training and learning growth. In addition, larger expenses are higher than estimates, and bring the difference between teaching and real performance in leadership training. Active measures are required to bridge these intervals such as controlling operating expenses and adapting staffing to achieve financial goals effectively.
Leadership Plan for Closing the Identified Gaps for the Department
It is compulsory for organizational success to address leadership intervals, as exposed to self -assessment done during previous analysis. A significant differences have been a lack of motivation among nurses to participate in leadership education and training programs. Strong leadership skills among nursing managers are important for maintaining optimal hospital’s financial results (Larman, 2018). The purpose of leadership planning aims to increase leadership skills between nurses and officials, and promote the culture of cooperation and effective problem solving (Pederson, 2018). Compulsory leadership training will increase adaptation and help achieve organizational goals.
Evidence-Based Strategies for Effective Team Leadership to Achieve Financial Goals
Understanding organizational culture and strategic direction is important to improve the leader’s efficiency and achieve financial goals. Initiatives such as upgrading the lighting system to reduce the cost of maintenance and implement team -based prices promotes a favorable environment to achieve financial goals (Grash et al., 2021). Transformative leadership styles, characterized by passion, sympathy, innovation and risk taking, are effective in increasing the results of the team and the patient’s satisfaction, which improves financial results (Cabral, 2019). The frequent application of nursing management skills facilitates budget plan, promotes teamwork and reduces costs for non-work, eventually matching the organization of organizational goals with financial results (Beitez, 2019).
References
Benitez, J. M. (2019). PERIODENT SUCCESS RISIS: A cross -individual study of clinical realities and strategies for academic nursing. Nursing Economics, 37 (4), 179–197. Cabral, A., Oram, C., and Allum, S. (2019). Development of nursing management talent – NHS for South and East -England learns from nursing management. Nursing Management Journal, 27 (1), 75-83. Grash, A., Luffev, S., Thamilselvan, V., Batch Age, A., Mermer, J., Jacks, K., … and Warren, N. (2021). Learning Service in Public Health Nursing Education: How Covid ’19 Quick Community Ed Academic Participation. Public Health Nursing, 38 (2), 248-257. Larman, C., and Jameson, J. L. (2018). Leadership development in medicine. The New England Journal of Medicine, 378 (20), 1862. .
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