Practice Quiz

Nurse Manager Exam #1: Financial Management

Category - Financial Management

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An understanding of healthcare economics and healthcare public policy as it applies to the delivery of patient care includes reimbursement, Medicare, Medicaid, managed care, third party providers, challenges to the current healthcare policies and key legislative initiatives at local, state and national level. Development methodologies the nurse manager must have a basic understanding of include:
  1. Creating a budget
  2. Monitoring a budget
  3. Revenue forecasting
  4. A, B and C
Explanation
Answer: D - Development methodologies the nurse manager must have, include a basic understanding of include creating a budget, monitoring a budget and revenue forecasting. A basic understanding in these key areas will allow the nurse manager to begin to understand reimbursement modalities.
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