Educational Budgets in Healthcare

Running head: EDUCATIONAL BUDGETS IN HEALTHCARE 1
Educational Budgets in Healthcare
Name
Institution

EDUCATIONAL BUDGETS IN HEALTHCARE 2
Educational Budgets in Healthcare
Most healthcare managers and administrators assigned the area of education are faced
with budgetary cuts as their major operational problems. In most instances, education budgets in
institutional settings suffer the vulnerabilities of reductions despite the immense verbal support
they get. The current study seeks to undertake a critical analysis on the importance of retaining
educational budgets based on the significances of developing and training employees.
Access to knowledge is one of the underlying prerequisites to effective decision making
and problem solving in the healthcare sector. According to Nutbeam (2018) healthcare
institutions operate in environments that depict higher levels of complexity. As a consequence
Rongen et al. (2014) reveal that proper education of the administrative arms and other
stakeholders of these facilities such as caregivers and physicians acts as a significant way of
fostering effective management of internally acquired knowledge as well as externally generated
potencies as a way of availing the targeted consumer niches with the best possible services,
attaining the desired levels of operational excellence and instilling the spirit of innovation. in my
position as the healthcare administrator, I am committed to fostering education advancement and
training of the facility’s staff based on the effective roles played by knowledge management in
ensuring that the institution attains these goals.
Education in healthcare settings plays an important role as a stimulant of cultural change
and innovation. Kim and Nahar (2018) explain that an educated workforce instills positive
changes in the institutional culture upheld by the members of a healthcare system by allowing
the advancement of frameworks that aimed at fostering free flow of ideologies and innovative
philosophies. While educating the workforce on the issues of cultural change calls for inclusion
of heavy budgetary investments, the firm’s leadership will be of critical essence in ensuring that