The Nurse Manager Is Aware That the Incidences of Medication

question 6

Essay

The nurse manager is aware that the incidences of medication errors on her unit are too high. She has decided to incorporate a quality improvement methodology called FOCUS. Identify what FOCUS is and use it to create a quality improvement plan to decrease the number of medication errors by registered nurses that are occurring on the unit.

Estimate additional required cash flows or salvage values to make an investment financially viable.

Calculate the simple rate of return (SRR) on an investment and understand its implications.

Understand the impact of depreciation and tax considerations on investment decisions.

Analyze the financial benefits of automating processes or purchasing new equipment in terms of cost savings and efficiency improvements.