budget oversight

What are the Key Components of a Nursing Budget?

A nursing budget generally includes several key components:
Staff Salaries: The largest portion of the nursing budget often goes to staff salaries, including wages for registered nurses, licensed practical nurses, and nurse aides.
Supplies and Equipment: This includes medical supplies, personal protective equipment, and other necessary tools for patient care.
Training and Development: Allocating funds for ongoing education and training programs to ensure that nursing staff remain competent and up-to-date with current practices.
Operational Costs: These are costs associated with the day-to-day operations of the nursing department, such as utilities, maintenance, and administrative expenses.

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