Economics and finance in nurse management

It can be tempting to think of “dreams” and “finance” as opposite ends of a spectrum. You may dream of things you want, such as new cars, vacations, or
retirement. But a quick analysis of your current finances may awaken you to find that your dream is not yet financially feasible.
Dreams and finance are, in fact, not at all in opposition. If your dream is a new automobile, you soon come to realize that you’ll need a plan to make your
purchase. Part of this planning is based on an understanding of your current financial position.
Saving money will help you, and whatever cost is not covered by savings can possibly be made up for by securing financing. You’ll likely need a personal
budget that accounts for any new expenses you incur, including your new car payment.
Like you, healthcare organizations have dreams, manifested as corporate objectives. Proposals for new healthcare products or services must support these
objectives, typically demonstrated via a business case. To become reality, these ideas almost always require resources. By understanding current financial
position, accurately estimating revenue streams and expenses, and creating budgets, strategies can be developed that bring objectives to life.…