Discuss the various approaches you as a nurse administrator would use to improve profitability in the hospital / Institution

Various approaches which a nurse administrator would use to improve profitability in the hospital / Institution are :

• Boost patient satisfaction by providing quality customer service

If patients are satisfied throughout all aspects of their healthcare experience, then they are likely to turn to the hospital that provided them with exceptional care again in the future. Additionally, higher hospital margins are typically distinguished by higher patient satisfaction, according to a previous report. American hospitals that gave a superior patient experience gained net margins that were 50 percent higher, on average, compared to those that provided an average customer experience, the report noted.

• Reduce readmissions

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