Budget dollar!! Budget dollar!! Budget dollar!!
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Accounting↗
Biomedical subjects
Sue Ellen Pinkerton
Publications and source records attributed to Sue Ellen Pinkerton.
Making money.
Several ideas have been presented for education departments to consider for the purpose of increasing their revenue budget. Depending on how much of an effort is made, the additional revenue may support a few enhancements for education or may be enough for some major investments. There are many activities for education departments to pursue. Sometimes the department has already done the work but needs assistance in packaging and marketing. However, there may be no profit after the packaging and marketing expenses are added, and so the endeavor is not pursued. At other times, there may be a desire just to share what has been done for the benefit of external staff and patients. The opportunities are unlimited, and are there in the event the education department wishes to pursue them. A careful analysis should be completed before endeavors are undertaken because profit is an elusive thing. The potential exists and exploring it will cost little and may yield an exciting, new pursuit for the department.
Community-Institutional Relations↗
The financial return on education programs.
Preparing data that demonstrate the financial return on education or training programs is not an easy task. It is complex, given the usual program costs. It is further complicated by the fact that qualitative data are often important in service organizations (e.g., health care). Finding a way to express the value of programs using both quantitative and qualitative data serves educators well because it helps to build the total and whole picture of the programs and their impact. Developing standard formats such as templates for both quantitative and qualitative data will help strengthen the position of education within the organization and will aid in the demonstration of the financial and human value of the training and education programs.
Cost-Benefit Analysis↗
The financial return on Magnet recognition.
There are many ways the Education Department may bear some of the expenses of Magnet application, and they should be budgeted accordingly. However, there is a great return on the investment of educating and developing the staff, and the Education Department can share in that success.
American Nurses' Association↗