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Fiscal Planning in Nursing

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Question
Answer
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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