NUR 621 Discuss the information you would need as a nurse leader before you could approve a capital purchase

Grand Canyon University NUR 621 Discuss the information you would need as a nurse leader before you could approve a capital purchase-Step-By-Step Guide

This guide will demonstrate how to complete the Grand Canyon University NUR 621 Discuss the information you would need as a nurse leader before you could approve a capital purchase  assignment based on general principles of academic writing. Here, we will show you the A, B, Cs of completing an academic paper, irrespective of the instructions. After guiding you through what to do, the guide will leave one or two sample essays at the end to highlight the various sections discussed below.

How to Research and Prepare for NUR 621 Discuss the information you would need as a nurse leader before you could approve a capital purchase                            

Whether one passes or fails an academic assignment such as the Grand Canyon University NUR 621 Discuss the information you would need as a nurse leader before you could approve a capital purchase  depends on the preparation done beforehand. The first thing to do once you receive an assignment is to quickly skim through the requirements. Once that is done, start going through the instructions one by one to clearly understand what the instructor wants. The most important thing here is to understand the required format—whether it is APA, MLA, Chicago, etc.

After understanding the requirements of the paper, the next phase is to gather relevant materials. The first place to start the research process is the weekly resources. Go through the resources provided in the instructions to determine which ones fit the assignment. After reviewing the provided resources, use the university library to search for additional resources. After gathering sufficient and necessary resources, you are now ready to start drafting your paper.

How to Write the Introduction for NUR 621 Discuss the information you would need as a nurse leader before you could approve a capital purchase                          

The introduction for the Grand Canyon University NUR 621 Discuss the information you would need as a nurse leader before you could approve a capital purchase  is where you tell the instructor what your paper will encompass. In three to four statements, highlight the important points that will form the basis of your paper. Here, you can include statistics to show the importance of the topic you will be discussing. At the end of the introduction, write a clear purpose statement outlining what exactly will be contained in the paper. This statement will start with “The purpose of this paper…” and then proceed to outline the various sections of the instructions.

How to Write the Body for NUR 621 Discuss the information you would need as a nurse leader before you could approve a capital purchase                          

After the introduction, move into the main part of the NUR 621 Discuss the information you would need as a nurse leader before you could approve a capital purchase  assignment, which is the body. Given that the paper you will be writing is not experimental, the way you organize the headings and subheadings of your paper is critically important. In some cases, you might have to use more subheadings to properly organize the assignment. The organization will depend on the rubric provided. Carefully examine the rubric, as it will contain all the detailed requirements of the assignment. Sometimes, the rubric will have information that the normal instructions lack.

Another important factor to consider at this point is how to do citations. In-text citations are fundamental as they support the arguments and points you make in the paper. At this point, the resources gathered at the beginning will come in handy. Integrating the ideas of the authors with your own will ensure that you produce a comprehensive paper. Also, follow the given citation format. In most cases, APA 7 is the preferred format for nursing assignments.

How to Write the Conclusion for NUR 621 Discuss the information you would need as a nurse leader before you could approve a capital purchase                          

After completing the main sections, write the conclusion of your paper. The conclusion is a summary of the main points you made in your paper. However, you need to rewrite the points and not simply copy and paste them. By restating the points from each subheading, you will provide a nuanced overview of the assignment to the reader.

How to Format the References List for NUR 621 Discuss the information you would need as a nurse leader before you could approve a capital purchase                            

The very last part of your paper involves listing the sources used in your paper. These sources should be listed in alphabetical order and double-spaced. Additionally, use a hanging indent for each source that appears in this list. Lastly, only the sources cited within the body of the paper should appear here.

Stuck? Let Us Help You

Completing assignments can sometimes be overwhelming, especially with the multitude of academic and personal responsibilities you may have. If you find yourself stuck or unsure at any point in the process, don’t hesitate to reach out for professional assistance. Our assignment writing services are designed to help you achieve your academic goals with ease. 

Our team of experienced writers is well-versed in academic writing and familiar with the specific requirements of the NUR 621 Discuss the information you would need as a nurse leader before you could approve a capital purchase  assignment. We can provide you with personalized support, ensuring your assignment is well-researched, properly formatted, and thoroughly edited. Get a feel of the quality we guarantee – ORDER NOW. 

Sample Answer for NUR 621 Discuss the information you would need as a nurse leader before you could approve a capital purchase Included After Question

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

A Sample Answer For the Assignment: NUR 621 Discuss the information you would need as a nurse leader before you could approve a capital purchase

Title: NUR 621 Discuss the information you would need as a nurse leader before you could approve a capital purchase

When it comes to making purchases as a nurse leader, there are various things to take into consideration such as the necessity of the item being purchased and especially the impact it will have on the unit and the organization as a whole. Typically management will have a set amount of money assigned for purchases related to unit improvement and necessities and it is up to management to decide how to best allocate those funds. However, although there are designated funds that are available for nurse managers to use, it is their task to decide on what to spend the money, all while thinking on how to improve patient care (Naranjee et al., 2019). Things that are important to keep in mind are to prioritize what unit needs are depending on what needs are. As a nurse leader I would also make it a priority to note what my staff needs training on, or if I would need to make additional investments on training. By knowing if additional trainings are required, I would be able to have a better cost estimate as a nurse manager, on not only equipment I would spend the funds on, but also on how much it would cost for my entire staff to accurately learn utilization and procedure. 

References 

Naranjee, N., Ngxongo, T. S. P., & Sibiya, M. N. (2019). Financial management roles of nurse managers in selected public hospitals in KwaZulu-Natal province, South Africa. African journal of primary health care & family medicine, 11(1), e1–e8. https://doi.org/10.4102/phcfm.v11i1.1981

A Sample Answer 2 For the Assignment: NUR 621 Discuss the information you would need as a nurse leader before you could approve a capital purchase

Title: NUR 621 Discuss the information you would need as a nurse leader before you could approve a capital purchase

As a nurse leader, having a vast knowledge of budgeting is important. “Understanding the budget process, engaging in conversations and data collection activities that inform the budget, teaching, and coaching staff to develop a better sense of the fiscal realities of care, and contributing to capital budgets through product and device evaluations are responsibilities of nurses in advanced roles” (DeNisco, 2021, p. 292). This working knowledge is essential to help maintain unit functionality within defined projected costs set by the organization. When considering a capital purchase, the nurse leader must assess the purchase’s necessity and provide additional details through a request process. According to Leger, capital assets include purchasing land, buildings, and patient care equipment (2023, p. 73).  Capital assets are necessary purchases that every healthcare organization must make to provide care services. Equipment must be current and in good working condition, ready for use. When purchasing equipment or other high price items, the rationale must include the details outlining the necessity of the purchase. Purchase justification for equipment can consist of replacing or upgrading existing equipment or acquiring new equipment to improve efficiency. The nurse leader needs to consider not only the purchase of the equipment alone but the cost of training personnel on the operation of the equipment and maintenance costs. New equipment requires additional training so patients and staff remain safe. As a nurse leader looking at each purchase and assessing the necessity of the equipment itself and the maintenance, upkeep, and training needed is crucial to the overall budget.

Reference

DeNisco, S. M. (2021). Advanced Practice Nursing: Essential Knowledge for the Profession (4th ed.). Jones & Bartlett Learning.

Leger, M. (2023). Financial management for nurse managers: Merging the heart of the dollar (5th ed.). Jones and Bartlett. ISBN-13: 9781284230932

A Sample Answer 3 For the Assignment: NUR 621 Discuss the information you would need as a nurse leader before you could approve a capital purchase

Title: NUR 621 Discuss the information you would need as a nurse leader before you could approve a capital purchase

Before approving of a capital expenditure request, a nurse manager must first understand what the capital budget is and then what meets the requirements of a capital request for their particular organization. Budget capital requests are dependent upon the lifecycle of the product being purchased, it is considered a potential capital purchase if the useful service is beyond the year in which the purchase was made (Brown & Leger, 2021). The manager must also know the expenditure limits of the organization that define a capital expense.

Other information to consider includes the overall cost of the project or purchase (Holcomb & Smith, 2020) . The overall cost includes the purchase itself plus additional cost such as delivery, installation, and additional training. The total cost versus return of the item or project, considering the revenue impact of the purchase over the life of the item. This includes the analysis of the possibility of the loss of revenue or the compromise of safety due to not purchasing the product. Safety and patient satisfaction issues also cross into regulatory and compliance concerns, and the potential cost associated with risk. The purpose or justification of the purchase must also be considered, if the item replaces aging or unsafe equipment or whether it will be used to expand or create service lines. Is the product an upgrade that will save time, or will it serve to meet compliance?

Cost comparisons also need to made, including purchase price, process of introduction into the current system, and product replacement or maintenance costs. Depreciation of the product and expected time before needing capital investment to replace or repair need to be considered for all options. Financing options, if needed, and the overall long-term cost of each option also need to be figured in.

Brown, P., & Leger, J. M. (2021). Chapter 4, Healthcare finance: A view from 30,000 feet. In Leger, J. M. (Ed.) Financial management for nurse managers: Merging the heart with the dollar (5th ed) (pp. 71-79) https://bibliu.com/app/#/view/books/B1BPN02BMBJH1/epub/EPUB/xhtml/034_Ch04_03.html#page_71

Holcomb A. J., & Smith, D. G. (2020). Hospital capital budgeting during a public health crisis. Journal of Health Care Finance, 46 (4), 24-36. https://healthfinancejournal.com/index.php/johcf/article/download/217/219