Exam 20: Managing Costs and Budgets

In preparing a budget, the nurse manager needs to anticipate the cost of benefits (e.g., health, life insurance, pension, and retirement plans).Based on the usual cost of benefits, how much should a nurse manager include for a total full-time salary cost of $312,000?

In preparing her budget, a nurse manager determines that she needs to budget for six FTE RN positions in the upcoming year.Based on a 40-hour week, this means that the nurse manager has determined that the budget will provide for _____ hours.

After a major flu vaccination campaign, an agency bills a private insurance company for allowable costs for administration of each vaccination according to the schedule established by the insurance company for reimbursement.This is an example of which major payment method?

A staff nurse regularly works two 12-hour shifts each week and one 8-hour shift every other week.How many FTEs is this position?

In a nurse managers' meeting, the chief nursing officer encourages the managers to brainstorm ways to reduce costs.Nurse managers have the greatest impact on reducing costs by managing: