WHAT BUSINESS PRINCIPLES ARE ASSOCIATED WITH PATIENT AND SYSTEM COST?

This week you have read about several areas of financing as it relates to the health care system and some health care retail areas that may be of interests. For this assignment, put yourself in a nurse manager, director of nursing, Chief Nursing Officer (CNO), or business owner role. Discuss three or more business principles as discussed in the Greg Fisher Power Point-in the learning activities (in your own words) which are needed to maintain safe, quality, patient-centered care that is fiscally sound, provide supportive data. In your discussion consider:

1. Why have you selected the business principles?

2. Are the business principles used at your current facility(Long-term & Rehabilitation care center)?
(i) If you feel that they are, give supportive examples.
(ii) If you feel they are not give examples of how they could be implemented.

3. Why are those specific principles important in health care?

4. Why are those specific principles important to you?