interview co-workers or those responsible for finance in your organization on the financial management issue that you identified in Week 1. Your interview should capture salient information about the issue including information which you derived from the literature. Potential questions you might want to use include: How long has the organization tried to address this issue? What measures have been taken to address this issue in the past? What future steps have been planned to address this issue? What problems does the organization foresee as blocks to addressing this issue? How did your perception of the financial issue differ from the perception of those who are actually working on finances in the organization? Take the information you have learned from the interviews and create a 2-3 page paper with your findings.  Be sure to explain the roles of the individuals you interviewed.  As you reflect on the results of the interview, use current literature to further explain the important points.

Running head: INTERVIEW DECISION MAKERS 1

INTERVIEW DECISION MAKERS 3


Interview Decision Makers

Student’s name

Institution

The main financial management issue in the organization is the impact on budget due to understaffing of nurses. Understaffing has affected the organization negatively. The hospital is unable to function in the set and allocated budget because it is understaffed. The organization uses up money when they hire employees on a temporary basis. Poor employee retention also affects the facilities financial plan.

The organization is a hospital in the healthcare industry. The hospital provides healthcare services to patients. It has been in existence for the past fifteen years. There are over 100 employees in the hospital. More importantly, the hospital has people who manage it both directly and indirectly. The Board of Directors manage the hospital indirectly through a manager who is in charge of the hospital. The hospital’s objective is to be committed to provide the best treatment services to patients.

The individuals interviewed worked in the finance department of the hospital. A total of fifteen people were interview. This report will only discuss the views of the Chief Financial Officer (CFO) and the Accountant. The CFO ensures that the hospital is still competent in the market. He comes up with strong business strategies and provides in-depth analysis of financial policies that the hospital is founder upon. The CFO says that the problem posed due to understaffing nurses has a negative implication on the hospital’s financial plan. The organization can no longer function on the allocated budget. The Accountant is in-charge of preparing the hospital’s financial statements, as well as collecting data necessary for journal entry every month. Furthermore, the accountant also corrects any accounting errors in the hospital documents and ensures that the hospital books are balanced. The accountant acknowledges that the organization has a major problem because of understaffing. The hospital is forced to hire nurses on a temporary basis. As a result, the organization uses up more money for training the new nurses.

In the past, the hospital has resolved the issue of understaffing by hiring temporary nurses. Furthermore, the organization has also been working on a strained budget. Most of the times, the organization does not operate within the budget. Finally, the hospital has also solved the issue by laying off more nurses so that they can be left with the few that they




Introduction of Project: Week 1

Tanyanika McMillian

Running head: INTRODUCTION OF PROJECT: WEEK 1


1

INTRODUCTION OF PROJECT: WEEK 1


5

South University



Introduction of Project: Week 1

The person in charge of any health care facility may have direct or indirect effect on the financial and budget tasks. Financial management of a facility encounters various challenges and issues when it comes to the aspect of dealing with funding. Patient care problems is any factor that will hinder or delay the process of patients enjoying the quality health care service. The effects of patient care issues are felt directly on the finances of health care facilities.

An example of a health care problem in my workplace is the inability of patients to enjoy services of well trained and adequate personnel in their treatment due to understaffing of nurses. There is an impact on budget as a financial management issue in my workplace due to understaffing of the staff members mainly nurses. Understaffing occurs when the total demand of nurse service is outweighed by the high numbers of patients which has financial implications (Stanton & Rutherford, 2004). 

Understaffing has been an issue at my place of work causing various financial challenges which makes it tough for the facility to function on the set and allocated budget. There is reduced labor in the facility which forces the available nurses to offer poor quality service to the patients, along with poor staff retention. It cost our facility money when we take the time to have employees go through paid orientation, pay for background checks, and drug screens with the employee not staying on staff. Poor employee retention affects our facilities financial plan and leading to financial management issues.

When an inadequate number of nurses are caring for patients the quality of service will be reduced hence increasing the rates of infection and the spread of nosocomial infections. This can cause the facility ex

NOTE: If a component is absent, student receives a zero for that component.

NSG4064 W2A2 Rubric

Unsatisfactory

1

Emerging

2

Proficient

3

Exemplary

4

Score

Assignment Components

The interviews contained information on the financial management issue in the organization including a description of the organization, the role within the organization of two individuals interviewed and his or her viewpoint on the financial issue under study.

Lacked information about the financial management issue in the organization including a description of the organization, the role within the organization of one individual interviewed and his or her viewpoint on the financial issue under study.

Provided minimal information about the financial management issue in the organization including a description of the organization, the role within the organization of one individual interviewed and his or her viewpoint on the financial issue under study.

Provided information about the financial management issue in the organization including a description of the organization, the role within the organization of two individuals interviewed and their viewpoints on the financial issue under study.

Thoroughly discussed information about the financial management issue in the organization including a description of the organization, the role within the organization of two or more individuals interviewed and their viewpoints on the financial issue under study.

[Score x 5 = 20 pts]

Interview included at least two people in the organization.

Interview lacked information about one person in the organization.

Provided minimal information about one person in the organization.

Provided information about two people in the organization.

Provided thorough and detailed information about two or more people in the organization in detail.

[Score x 1 = 4 pts]

The interviews contained details of at least three measures taken to address the issue.

Details included one measure taken to address the issue.

Provided details of two measures taken to address the issue.

Provided details of three measures taken to address the issue.

Thoroughly provided details of three or more measures taken to address the issue.

[Score x 3 = 12 pts]

The interviews contained details about three future steps that have been planned to address the issue.

Provid