"Running head: SOLUTIONS TO THE PROBLEM 1Solutions to the ProblemNameInstitution SOLUTIONS TO THE PROBLEM2IntroductionSuccessful running of the health sector, like any other sector of the society, is dependenton the availability and management of the financial resources. In consideration of the recentresearch and interview, the rising health care costs continue to persist making it a contentioushealth policy agenda (Douglas, 2010). In fact, a series of outcomes such as turnover of nurses inthe health care facilities have emerged resulting in worse situations as could be imagined.Accordingly, the identified challenge or problem, in this case, is that of financial instability in thenursing units and the hospitals at large. The paper intends to depict an overview of solutions tothis problem, the rationale for choosing these solutions, the implementation approach that oughtto be used in executing the proposed solutions. Solutions to the ProblemCreation of Effective Strategies That Are Used To Allocate Health Money More EffectivelyOne cause of financial challenges is that of inappropriate fund allocation to the differentdepartments and units in the hospitals. As a result, funds to remunerate the laborers, and thenurses, in particular, are not sufficient. That means that these nurses either underperform oreither leave in seek of greener pastures (Hunt, 2009). It is indisputable that the differentdepartments in the health facilities all require funds. However, it is appropriate to come up with astrategy that will facilitate proper and rational allocation of funds. For instance, there are timeswhen the nurses are in dire need for a salary increase or any other forms of rewards (Douglas,2010). Alternatively, the dialysis nurses may require additional facilities to carry out their taskseffectively. Therefore, it is the dialysis nurse manager and their counterparts to postulate theirdemands and the level of urgency to facilitate appropriate allocation of funds. For instance, in SOLUTIONS TO THE PROBLEM3such a case, it becomes appropriate that more funds be allocated for the purchase of the dialysisequipment. Mobilizationof Funds In all sectors, there are stakeholders who are willing to support and enhance the welfareof the sector; the same case applies to the health sector. There are stakeholders who are willing tosupport the nursing profession and those who serve within the department (Douglas, 2010). Assuch, it is imperative for the managers to create awareness regarding the prevailing financialchallenges and the expected challenges that could affect the department in the future. That makesit possible for the philanthropist and humanitarian organizations to dedicate funds to thesedepartments hence assisting in resolving the financial constraints that may be transpiring.Despite the fact that the rate or nature of the response from the donors is not easy to speculate, itis an approach that is expected to yield desirable outcomes. Reducing Inefficiencies and Wastage of Finances in the Health Care SystemQuite often, inefficiencies and waste of funds in the health care system results indepletion of the financial resources in an inappropriate manner (Delaune & Everett, 2008). It is,therefore, important that the avenues of wastage are reduced, and the funds are managed in anappropriate manner. That includes monitoring the credibility of the machinery purchased toavoid lock-ins that include repairs and frequent replacements. For instance, in the process ofpurchasing equipment, it is important to evaluate the quality of the equipment to avoid wastingfunds on equipment that will operate within a short span of time. Rationale for Choosing These SolutionSOLUTIONS TO THE PROBLEM4Different scholars have provided assertions regarding the most appropriate ways ofaddressing financial challenges in health care. Solutions such as mobilization of funds,development of proper strategies and minimizing on wastage of resources are some amongst themost appropriate ways of addressing the financial challenges. For instance, research stipulatesthat financial challenge results in nurse turnover (Hunt, 2009). Therefore, the nurse leaders arerequired to have the greater business and even financial skills to resolve the issue of poorfinancial management and performance. That implies that their skills as far as resourcemanagement is concerned. In most cases, the nurses who are also the most dependent on caredeliverers often feel left out considering that they either do not have sufficient equipment or thatthey are not well paid. As such, it is imperative to ascertain that the nurse leaders are welltrained, resources are mobilized, and the avenues of resource wastage are minimized. Implementation of the SolutionsIn the process of ensuring that these solutions are executed, a series of activities have totake place. First, in the process of ensuring that appropriate strategies are used to manage thefinancial resources, it is important to invest in nurse leaders’ education and training on businessskills. The nurse managers, who are important stakeholders in making decisions on resourceallocation, ought to undergo training so that they can effectively make rational decisions anddevelop strategies that will facilitate proper utilization of resources (Delaune & Everett, 2008).Further, in the context of mobilizing funds, it is important to establish a campaign online andthrough the magazines seeking financial assistance. It is imperative to note that this approach isonly rational if the funds are meant to support the purchase of machinery and not wages.SOLUTIONS TO THE PROBLEM5ConclusionIt is indisputable that effective management of financial resources require skills. Itbecomes possible for the nursing leadership to manage these resources if they embraceprofessionalism in managing funds. That includes learning the appropriate strategies to use andeven eradicating the avenues where the funds are wasted or used in an inefficient manner(Delaune & Everett, 2008). SOLUTIONS TO THE PROBLEM6ReferencesDelaune, J., & Everett, W. (2008). Waste and inefficiency in the US health care system: Clinicalcare: A comprehensive analysis in support of system-wide improvements. New EnglandHealthcare Institute.Douglas, K. (2010). Taking action to close the nursing-finance gap: learning from success.Nursing Economics, 28(4), 270.Hunt, S. T. (2009). Nursing turnover: costs, causes, and solutions. San Diego: SuccessFactorsInc. "