Which financial management principle is included in nursing practice on the ATI T-12?

Resource utilization and cost-benefit analysis is a fundamental principle of financial management integrated into nursing practice. This principle emphasizes the importance of using resources efficiently to maximize patient care outcomes while minimizing costs. Nurses are often involved in decision-making processes that require an understanding of how to provide high-quality care within the constraints of available resources.

By applying resource utilization effectively, nurses can assess and determine the best practices for patient care that not only meet clinical needs but also align with financial constraints. Cost-benefit analysis allows nurses to evaluate the potential outcomes of different interventions, weighing the costs against the benefits to ensure that the most effective and economical choices are made. This knowledge empowers nurses to advocate for their patients while also contributing to the overall financial health of their healthcare institutions.

This principle stands apart from the other options that focus more on personal financial management or investment strategies that do not directly relate to the core responsibilities of nursing practice in a clinical setting.