The chief nursing office of a Magnet™ hospital has conducted a study of ways
to improve healthcare services. Healthcare services that add value for clients:
Answer - Minimize costs.
The difference between a nurse practitioner's charge of $45 for an office visit
and the insurance company's payment of $34 is: Answer - A contractual
allowance.
The chief nursing office continues to seek ways to improve healthcare services
to clients and to save the hospital money. However, with the federal guidelines
of paying agencies based on capitation, the chief nursing office faces a
challenge. Capitation provides incentives for healthcare providers to control
costs by: Answer - Using fewer services per client.
In a nurse managers' meeting, the chief nursing officer encourages the
managers to brainstorm ways to reduce costs. Nurse managers have the
greatest impact on reducing costs by managing: Answer - Staffing.
The chief nursing officer works with her nurse managers by helping them
understand how to develop and implement a budget. A nurse manager can
best describe a budget as a: Answer - Financial plan.
A nurse manager approves two staff nurses to attend a national conference.
When reviewing the budget, the nurse manager looks at which line item?
Answer - Operating budget