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Nursing 1 Page

Financial Management For Nurse Managers

Question

1. If a unit clerk is required every day, 365 days a year, necessitating coverage for vacations, holidays, etc., why is the unit clerk considered part of the fixed staff rather than variable?

2. Is it possible for a less senior, lower-paid nurse to earn more per hour for straight-time hours than a more senior, higher-paid nurse? Explain.

3. What are some major types of other-than-personnel services (OTPS) expenses?

4. What is an example of a department or unit for which nurses have traditionally been held responsible for revenues?

5. What are the basic elements of a revenue budget, and what complicates the calculation of the budget?

6. For most things you buy, you pay what the seller charges. Do health care organizations always collect an amount equal to their charge? Explain.

7. In some cases the nurse manager will be responsible for setting prices. What is this process called? Explain the different ways that prices can be set.

8. What are the steps that make up performance budgeting?

9. What are some key performance areas for a nursing unit?

10. What are some issues to be considered in determining how much of each operating budget line item should be devoted to each performance area?

Solution

Title: Financial Management For Nurse Managers
Length: 1 pages (275 Words)
Style: APA

Preview

Financial Management for Nurse Managers

1. If a unit clerk is required every day, 365 days a year, necessitating coverage for vacations, holidays, etc., why is the unit clerk considered part of the fixed staff rather than variable?

The clerk is considered part of the fixed staff because his work time does not vary with the patient volume.

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