Exam 14: Managing Costs and Budgets

Within a health care environment,where the gap between revenues and costs can mean the difference between sustainability and nonsustainability of an organization or services,it is critical for nurse managers to:

A nurse manager discovers that the actual number of visits per patient in a home health service is 3.8 visits per day,whereas the standard is 5 visits per day.On the basis of this information,the nurse manager:

After reviewing her monthly budget report,the nurse manager sees that she has a negative variance,which prompts her to change the staffing schedule.A negative or unfavourable variance in a monthly expense report may result from:

In Canada,the primary source of funding for hospitals and health regions is a fixed,global budget transfer from the provincial or territorial government.What are the advantages of this approach to funding? (Select all that apply.)

What would best support a request to purchase new infusion pumps for the unit?

Which of the following is an example of an initiative that may reduce total health care costs?

The chief nursing officer works with her nurse managers by helping them understand how to develop and implement a budget.How would a nurse manager best describe a budget?

The chief nursing office continues to seek ways to improve health care services to patients and to save the hospital money.However,with most physicians paid on a fee-for-service contract,the chief nursing office faces a challenge.Fee-for-service can provide incentive for: