Finance Management of Nursing Systems

Finance Management of Nursing Systems

2. Having read the chapter on managed care and the implications to care, what do you see as nursing’s role? Give examples as to what your institution has done in order to meet pay-for-performance benchmarks.

By Saturday, 11:59 p.m. EST, 10/16

· Respond to the prompts for your selected initial post discussion option as noted above.

By Wednesday, 11:59 p.m. EST, 10/20

· Review and respond to at least two of your classmates’ posts.

3. Research how your facility bills for nursing services. For many years, it was bundled with the room charge (along with housekeeping). What is the process today? If it a true reflection of nursing’s value?

Determine how the services of other health care professionals such as PT, OT, PharmD, are billed.

By Saturday, 11:59 p.m. EST, 10/23

· Respond to the prompts for your selected initial post discussion option as noted above.

By Wednesday, 11:59 p.m. EST, 10/27

· Review and respond to at least two of your classmates’ posts.

4a What is the capital budget? What is the threshold dollar amount at your facility that determines when an item is considered capital?

b. What components determine the operating budget?

c. What components are involved in a salary budget?

By Saturday, 11:59 p.m. EST,10/30

· Respond to the prompts for your selected initial post discussion option as noted above.

By Wednesday, 11:59 p.m. EST, 11/3

· Review and respond to at least two of your classmates’ posts.

5a. What are the differences between direct and indirect costs?

b. What is the difference between fixed and variable costs?

c. Is staff salary fixed or variable?

d. If your volume goes up, you need more staff and more overtime. Is this expense fixed or variable?

e. What is the true cost of a FTE? What components must be taken into consideration?

By Saturday, 11:59 p.m. EST,11/6

· Respond to the prompts for your selected initial post discussion option as noted above.

By Wednesday, 11:59 p.m. EST, 11/10

· Review and respond to at least two of your classmates’ posts.

6a. What are the key components of a financial statement?

b. As the manager of a nursing unit, what key financial indicators do you evaluate? What key financial indicators can you influence?

c. How does U.S. healthcare differ from that in Europe, Canada or Japan? Which is more effective?

By Saturday, 11:59 p.m. EST, 11/13

· Respond to the prompts for your selected initial post discussion option as noted above.

By Wednesday, 11:59 p.m. EST, 11/17

· Review and respond to at least two of your classmates’ posts.

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