Practice Quiz

Nurse Manager Exam #1: Financial Management

Category - Financial Management

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Inside the revenue category in your departmental budget, subsets of this category should include:
  1. Income from procedures, inpatient hospitalization from Medicare and Medicaid, managed care, private insurers, and self-pay patients
  2. Income from allotments, donations and write offs
  3. Profit / loss undercharges, allotments and underpayments
  4. Depreciation, undercapitalized expenditures, donations
Explanation
Answer: A - Income from procedures, inpatient hospitalization from Medicare and Medicaid, managed care, private insurers, and self-pay patients. Inside the revenue category in your departmental budget, subsets of this category should include income from procedures, inpatient hospitalization from Medicare and Medicaid, managed care, private insurers, and self-pay patients.
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