Describe the various approaches in assessing the cost of nursing care

Question description
For this discussion, you will define privacy and confidentiality. Next, you will discuss the case study on page 77 titled “Making the Best Choice” and address the follow up questions in the case study
Your initial post must be posted before you can view and respond to colleagues, must contain minimum of two (2) references, in addition to examples from your personal experiences to augment the topic. The goal is to make your post interesting and engaging so others will want to read/respond to it. Synthesize and summarize from your resources in order to avoid the use of direct quotes, which can often be dry and boring. No direct quotes are allowed in the discussion board posts.

Initial Post: Minimum of two (2) total references: one (1) from required course materials and one (1) from peer-reviewed references.

2Question description
Week 3 Discussion Question: Cost of Nursing Care
Fiscally responsible nurse managers realize that there is more to costing nursing services than knowing the hourly wages and benefits of employees. Direct and indirect costs, overhead costs, and capital expenditures are just a few of the key elements in determining what it costs to provide adequate patient care.
Respond to the following:
• Describe the various approaches in assessing the cost of nursing care.
• Examine the role of recruiting and retaining nurses in the cost of nursing care.
• Explain the impact of nursing turnover on nursing care costs.
• Examine whether the cost assessment methods used in your organization are effective. Give reasons for your answer.
APA please

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