What Business principles are associated with patient and system cost

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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:
Why have you selected the business principles?
Are the business principles used at your current facility?If you feel that they are, give supportive examples.
If you feel they are not give examples of how they could be implemented.

Why are those specific principles important in health care?
Why are those specific principles important to you?
Your initial post must be posted before you can view and respond to colleagues, must contain minimum of two (2) references, in addition to examples from your personal experiences to augment the topic. The goal is to make your post interesting and engaging so others will want to read/respond to it. Synthesize and summarize from your resources in order to avoid the use of direct quotes, which can often be dry and boring. No direct quotes are allowed in the discussion board posts.
Post a thoughtful response to at least two (2) other colleagues’ initial postings. Responses to colleagues should be supportive and helpful (examples of an acceptable comment are: “This is interesting – in my practice, we treated or resolved (diagnosis or issue) with (x, y, z meds, theory, management principle) and according to the literature…” and add supportive reference. Avoid comments such as “I agree” or “good comment.”
Points: 30
Due Dates:
Initial Post: Fri, Nov 12 by 11:59 p.m. Eastern Standard Time (EST) of the US.
Response Post: Sun, Nov 14 by 11:59 p.m. Eastern Standard Time (EST) of the US – (the response posts cannot be done on the same day as the initial post).
References:
Initial Post: Minimum of two (2) total references: one (1) from required course materials and one (1) from peer-reviewed references.
Response posts: Minimum of one (1) total reference: one (1) from peer-reviewed or course materials reference per response

.Textbooks:Policy and Politics in Nursing and Health Care, Elsevier Saunders, 2021, 8th editionRead Chapters 16, 17, 31, 46, 66, 67, 69
Do not panic! There are several chapters to read; however, they are brief. Mason, Gardner, Hopkins Outlaw and O’Grady provide succinct explanations and specific examples of health care policy in action. The beginning chapters discuss the philosophy of politics, the readings then continue with media influences, disparities, the importance of EBP, and more. I think this week will be informative and thought provoking. This week I do strongly suggest that you at least skim the supplemental readings. Greg Fisher is a lecturer at the University of Washington. In this PowerPoint he discusses the top ten business principles. This presentation will help you with your discussion boards and ICP. Click here to access the presentation. Are you the weakest link? As you participate in this week’s lecture, you will be able to determine your areas of strengths and your opportunities for growth as a nurse. To access the lecture click here. Recommended browser to view activity: Mozilla Firefox