Financial Impact of Legislated Nurse/Patient Ratios in Healthcare

For assignment 1 you have been allocated a group and an associated question. The question you need to answer in the feedback fruits discussion board is the title of your group. 1. Reflect on why healthcare organisations' focus on financial efficiency when people's lives and health are more important than money? 2. What financial impact (if any) have legislated nurse/patient ratios provided? Explain. 3. What challenges are brought about by shared funding of health services through the Commonwealth and the State and Territory governments? How might these be resolved? 4. Discuss the benefits and challenges of Activity Based Funding and how this may affect innovation. 5. Discuss how the Pricing Framework informs the determination of the national efficient price that is used in the implementation of Activity Based Funding. 6. Explain healthcare costs and how these are differentiated from health expenditures. Your group is question 2 you need to answer question 2. which is: 2. What financial impact (if any) have legislated nurse/patient ratios provided? Explain. The six assignment questions are listed above. You only need to answer the ONE that relates to your group. You need to individually answer this question in 900 words and submit it to Feedback fruits discussion which is in the tab under assignment 1. Please put your answer through turnitin before you post into feedback fruits as this will check for plagiarism. After you submit your answer you will be allocated two students that you will need to provide feedback to their 900 word answer. Your feedback to these students needs to be 300 words each. Please remember to reference according to APA 7th edition. Please see the HEALTH writing and referencing guide on the left hand tab of the course site for guidance