Fiscal Planning in Nursing
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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Fiscal planning | Nurses should play a role, it is not intuitive, it is a learned skill
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Complications in healthcare | the joining of Cost Containment and quality care
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Responsibility accounting | Someone is responsible for all accounting planning
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Budget | Fixed (do not vary), variable, controllable, noncontrollable,
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Budget Process | Assess, Diagnosis (goal), plan, implementation, evaluation
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3 types of budgeting | Personnel, operation, capital
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NCH/PPD | nursing hours worked in 24 hours/patient census
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Budgeting methods | incremental (used from current year), zero-based (rejustify program needs, decision package), flexible, performance
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Critical Pathways | The usual route of care for pts of illnesses. Used to cut down on costs and confusion, but sometimes pts do react outside of the norm
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Prospective Payment System | Healthcare providors receive specified amount, regardless of actual cost of care
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Balanced Budget Act | Cost containment measures for healthcare and medicaid/medicare
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Managed Care | system that attempts to integrate efficiency of care, access, and cost
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Health Maintenance Organization HMO | corporate body funded by insurance premiums, community group, POS (pt gets to choose dr), EPO (must use certain dr or pay out of pocket)
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Moral Hazard | pt will use healthcare options just because insurance will pay for them--not that they actually need them
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Created by:
kalensnyder
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