NR 533 Forecasting and budgeting strategies Essay

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NR 533 Forecasting and budgeting strategies Essay

NR 533 Forecasting and budgeting strategies Essay


The purposes of this assignment are to (a) identify and articulate key concepts of forecasting and budgeting strategies for your cardiac unit at Saint Louis Medical Center (SLMC), which includes evaluating variance analyses as they apply to nursing budgets within healthcare organizations; and (b) formulate a revenue and expense budget for a nursing unit within a healthcare organization and communicate the information in a clear, succinct, and scholarly manner.


CO 1: Create a business plan based on evidence-based best practices that promotes high quality, safe, patient-centered care. (PO 1, 5)

CO 2: Demonstrate an understanding of holistic care principles and caring healthcare environments through the application of evidence-based financial principles. (PO 1, 2, 5)


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  1. This paper will be graded on quality of paper information, use of citations, use of standard English grammar, sentence structure, and organization based on the required components.
  2. Create this assignment using Microsoft Word, which is the required format for all Chamberlain documents. You can tell that the document is saved as an MS Word document because it will end in.docx.
  3. Submit the paper to the appropriate CCN Dropbox by 11:59 p.m. MT on Sunday of the week due. Any questions about this paper may be discussed in the weekly Q & A Discussion topic.
  4. The length of the paper is to be no greater than three pages, excluding title page and reference page. Extra pages will not be read by the instructor and will notcount toward your grade.
  5. APA format (6th edition) is required in this assignment, including a title page and reference page. Use APA level 1 headings for the organizational structure of this assignment. Remember that the introduction does not carry a heading that labels it as a level heading in APA format. The first part of your paper is assumed to be the introduction. See the APA manual for details. See the resource in Doc Sharing called Guidelines for Writing Professional Papers. Use the suggested format and headings to organize your assignment:
    1. Include an introduction (do not label it as a heading in APA format)
    2. Key concepts of forecasting budget
    3. Supporting evidence
    4. Budget strategies
    5. Conclusion

Preparing the paper

Note: Use the resources in Doc Sharing related to SLMC to assist in completion of this assignment; Week 3 Forecasting Background and SLMC information as needed.

  1. Clear introduction of your forecasting assignment is in the introduction paragraph, including a sentence that states the purpose of your paper.
  2. Clearly articulate key concepts of your forecasting budget for the cardiac unit at SLMC.
  3. Include of a minimum of three sources of scholarly, empirical evidence that supports your budget strategies for the cardiac unit at SLMC. See resources under Doc Sharing related to SLMC.
  4. Identify budget strategies to keep your forecast for the cardiac unit at SLMC within budget.
  5. Provide concluding statements that should summarize your overall forecasting assignment content.
  6. The paper will be three pages maximum, excluding title and reference page(s).

Note: If you go over the paper length, the information will not be graded by the instructor.

  1. Title and reference page(s) must be in APA format (6th edition).
  2. Use 12-point Times New Roman font and one-inch margins on all sides of the paper.
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