A Baccalaureate nurse is one who is highly educated and has an advanced education apart from nursing, say business administration. In today’s world the healthcare industry has grown magnificently and there has been a need to hire administrative staff who understand the healthcare business. In fact lately, healthcare businesses prefer the promotion of nurses to the administration level and this has brought positive outcomes such as improved patient care and staff satisfaction. An advanced degree in business, nursing, or health administration is a valuable choice for nursing administrators in today's health care environment. Baccalaureate nurses have numerous responsibilities, and these include the establishment of focus on their role to human resource and management ( Wittmann-Price & Godshall, 2009) .
Fiscal roles and responsibilities of Baccalaureate nurses in today’s world
Due to the dynamism of today’s health industry, the roles of nurses keep changing. These changes have ensured that baccalaureate prepared nurses play a wide range of roles, which include but are not limited to fiscal roles and responsibilities. Fiscal responsibilities refer to the professional assignments that encompass the management of financial resources, in the form either of current or fixed assets. Nursing professionals are occupationally preoccupied with the administration of healthcare. As such, they’re key contributors to the determination of medical budgetary items, seeing as they, more than any other medical practitioners, are in the best position to correctly determine medical requirements ( Rambur, 2015). Therefore, baccalaureate trained nurses, with regards to today’s healthcare business environment, sanction medical budgetary spending. Also, nurses are duty bound to take stock of their administration of treatment, which more often than not, employs medical-institution-owned resources. As such, nurses are a key source of financial records. These records, in turn, are applied to auditing, which is geared towards ensuring financial accountability on the part of medical administrators ( Rambur, 2015) .
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Are nurses educationally prepared in Business and Finance?
With respect to baccalaureate programs, nurses are not educationally prepared in terms of business and financial matters. This is more clearly exemplified by the fact that these programs do not provide for the training of nurses with regards to the negotiation of contracts and the creation of business plans, in spite of the fact that these two are an integral part of the more fiscal aspects of healthcare management. Generally, business strategies and financial management are intertwined and involve a wide range of activities that nurses lack training in ( Wittmann-Price & Godshall, 2009) .
How the educational preparation of nurses affects their responsibilities in the role of human resource
The educational preparation of nurse managers is a key determinant of healthcare human resource management. This area mostly deals with matters concerning the hiring, firing and retention of employees. Education is premised upon the dissemination of information. As such, the education of nurse managers helps with the conceptualization of the healthcare environment, and this improves their suitability in regard to the recruitment and layoff of workers ( Moyer & Wittmann-Price, 2008). Also, the educational preparation of nurse managers helps to professionalize interactions within the healthcare within the healthcare environment. This ensures sanity with respect to the managerial treatment of subordinates, and as such, greatly contributes to the retention of workers.
References
Rambur, B. (2015). Health care finance, economics, and policy for nurses: A foundational guide .
Wittmann-Price, M. R., & Godshall, D. M. (2009). Certified Nurse Educator (CNE) Review Manual . New York: Springer Pub. Co.
Moyer, B. A., & Wittmann-Price, R. A. (2008). Nursing education: Foundations for practice excellence . Philadelphia: F.A. Davis.
