Nursing Finance Committee

1. Nursing Finance Committee Purpose Promote the delivery of safe, effective, and cost-efficient patient care by evaluating, implementing and optimizing fiscal responsibility across all areas of nursing Membership Staff nurse chair, director facilitator, business manager, & representatives from each nursing department/division, Finance Department liaison ad hoc Goals for 2010 Build knowledge base on nursing financial measures Identify opportunities and innovations to meet productivity goals at the unit, department and division levels throughout the year Facilitate RN involvement in identifying opportunities to maximize nursing staff productivity, create cost reduction strategies, and supply/equipment management. Understand current benchmark data and financial practices across similar. (UHC) facilities Understand current NMH operations budget build, interpretation of financial data and reports, and key practices and strategies around meeting budget Collaborate with nursing leadership to develop and implement annual operations budget guiding principles. Facilitate the communication and education of budget principles across all nursing units Participate in the submission and prioritization of year major capital, quarterly and replacement capital requests across all patient care settings