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You are a nursing leader in a hospital or a healthcare facility. The chief financial officer (CFO) has told you that unless you can develop a fiscal rationale, the hospital will no longer pay for tuition reimbursement and professional certification of nurses.
Develop a 2-page proposal that addresses the following:
• The cost of these programs versus the return on investment for the hospital.
• The return on investment for a nurse going to school. For instance, if you send a nurse manager to get his or her masters, how can you track that he or she is a better leader?
• The argument and position, which includes the cost of education versus the benefit to the hospital.
• Recommendation to the CFO in fiscal terms.