Nurse Manager Exam #1: Financial Management

Category - Financial Management

One of the more difficult tasks nurse managers face is estimating the levels of floor staff, patient care levels, supplies and department overhead. Expense forecasting can be a challenge to any business, but the expense forecasting the business of healthcare can be daunting. In determining department staffing requirements, the nurse manager should include:
  1. All overhead including capitol budgeting
  2. Staffed beds and cost variance
  3. Levels of staffing, vacation time and paid training time
  4. Cost-benefit analysis
Explanation
Answer: C - Levels of staffing, vacation time and paid training time. In determining department staffing requirements, the nurse manager should include levels of staffing, vacation time and paid training time.
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