Select of the leadership competencies Huston described and relate it to your own leadership of nurses and nursing. This should promote a robust discussion as we come from different clinical and nonclinical perspectives. Discuss how the BSN-prepared nurse can assist a nurse leader in the budgeting process by contributing data readily available to the staff nurse. Huston, C. (2010). What skills will the nurse leaders of 2020 need? (2010). (6), 14–15. Click to link. Purchase the answer to view it

In her article “What skills will the nurse leaders of 2020 need?”, Huston (2010) identifies several leadership competencies that are critical for nurse leaders. One of these competencies is the ability to effectively manage resources, including budgets. As a nurse leader in my own practice, I have found this competency to be immensely important in ensuring the efficient and effective provision of nursing care.

Budgeting is a crucial aspect of healthcare leadership, as it involves allocating financial resources to various departments and initiatives in order to meet the organization’s goals and objectives. A BSN-prepared nurse can play a valuable role in assisting a nurse leader in the budgeting process. One way in which a BSN-prepared nurse can contribute is by providing readily available data to inform budgetary decisions.

BSN-prepared nurses are equipped with the necessary skills to collect and analyze data related to patient outcomes and resource utilization. They are trained in research methodologies and understand the importance of evidence-based practice. Therefore, they can assist nurse leaders by providing data on the cost-effectiveness of various interventions or initiatives. This data can help inform budgetary decisions by providing insight into the potential impact of allocating resources to specific areas.

For example, a BSN-prepared nurse may have access to data on the cost of different medications or medical supplies, as well as their utilization rates. By analyzing this data, the nurse can identify potential areas for cost reduction or efficiency improvement. This information can then be shared with the nurse leader, who can incorporate it into the budgeting process. By leveraging the expertise of BSN-prepared nurses in data collection and analysis, nurse leaders can make more informed decisions about resource allocation.

Furthermore, BSN-prepared nurses can also contribute to the budgeting process by providing data on patient outcomes. For example, they may have access to data on readmission rates, length of hospital stay, or patient satisfaction scores. This information can be valuable in determining the cost-effectiveness of different interventions or programs. By understanding the impact of certain interventions on patient outcomes, nurse leaders can make informed decisions about where to allocate resources.

In addition to providing data, BSN-prepared nurses can also contribute to the budgeting process by advocating for the needs of their patients and their colleagues. They have a deep understanding of the nursing practice and the resources required to deliver high-quality care. By sharing their insights and perspectives with nurse leaders, they can help ensure that budgetary decisions are aligned with the needs of the nursing staff and the patients they serve.

Overall, the involvement of BSN-prepared nurses in the budgeting process can greatly enhance the decision-making process for nurse leaders. Their ability to collect and analyze data, as well as their understanding of the nursing practice, positions them as valuable contributors to the budgeting process. By incorporating their insights and perspectives, nurse leaders can make informed decisions about resource allocation, ultimately leading to improved patient outcomes and the efficient use of resources.