Question 1

A nurse manager is planning to request three new infusion pumps at a cost of approximately $1500 each.What would BEST support the capital request?

Accepted Answer

A) Number of patient care hours anticipated for the year 
B) Cost comparisons; how much and how often infusion pumps are used; condition of existing pumps 
C) Outline of cost for each pump 
D) Estimation of total cost; no further details 
A) Number of patient care hours anticipated for the year 
B) Cost comparisons; how much and how often infusion pumps are used; condition of existing pumps 
C) Outline of cost for each pump 
D) Estimation of total cost; no further details

Question 2

As an experienced nurse manager who is new to an organization,it would be important to:

Accepted Answer

A) Know the difference between operating and capital budgets. 
B) Understand the budget timetable and level of involvement expected of individual managers in budget preparation. 
C) Know why a budget is essential to the well-being of an organization. 
D) Understand what factors drive up healthcare costs in the healthcare system. 
A) Know the difference between operating and capital budgets. 
B) Understand the budget timetable and level of involvement expected of individual managers in budget preparation. 
C) Know why a budget is essential to the well-being of an organization. 
D) Understand what factors drive up healthcare costs in the healthcare system.

Question 3

A nurse manager discovers that the actual number of visits per patient in a home health service is 3.8 visits per day when the standard is 5 visits per day.Based on this information,the nurse manager:

Accepted Answer

A) Concludes that the complexity of care in each visit has arisen. 
B) Concludes that patient volume has been decreased. 
C) Decides that more information is needed before a conclusion can be reached. 
D) Initiates a training session regarding the importance of ensuring that visits are made. 
A) Concludes that the complexity of care in each visit has arisen. 
B) Concludes that patient volume has been decreased. 
C) Decides that more information is needed before a conclusion can be reached. 
D) Initiates a training session regarding the importance of ensuring that visits are made.

Question 4

Which of the following factors is not implicated in rising healthcare costs?

Accepted Answer

A) Rising expectations of consumers for cure and care 
B) Marketing of drugs to consumers 
C) Large administrative staffs to process medical billings 
D) Rising Medicare costs 
A) Rising expectations of consumers for cure and care 
B) Marketing of drugs to consumers 
C) Large administrative staffs to process medical billings 
D) Rising Medicare costs

Question 5

After a major flu vaccination campaign,an agency bills a private insurance company for allowable costs for administration of each vaccination according to the schedule established by the insurance company for reimbursement.This is an example of which major payment method?

Accepted Answer

A) Cost-based reimbursement 
B) Charges 
C) Contractual allowance 
D) Prospective reimbursement 
A) Cost-based reimbursement 
B) Charges 
C) Contractual allowance 
D) Prospective reimbursement

Question 6

An older adult couple with limited means and on Medicare is considering options after the hospitalization of Mrs.A.with a fractured hip.Mrs.A.is stable but requires assistance with bathing,transfer,and mobility,and this will present stress for Mr.A. ,who was hospitalized with a mild myocardial infarction last year.Considering their means and health concerns,which of the following might be the best option?

Accepted Answer

A) Hospice care 
B) Custodial nursing home care 
C) Home care 
D) Hospital care 
A) Hospice care 
B) Custodial nursing home care 
C) Home care 
D) Hospital care

A nurse manager is planning to request three new infusion pumps at a cost of approximately $1500 each.What would BEST support the capital request?

As an experienced nurse manager who is new to an organization,it would be important to:

A nurse manager discovers that the actual number of visits per patient in a home health service is 3.8 visits per day when the standard is 5 visits per day.Based on this information,the nurse manager:

Which of the following factors is not implicated in rising healthcare costs?

After a major flu vaccination campaign,an agency bills a private insurance company for allowable costs for administration of each vaccination according to the schedule established by the insurance company for reimbursement.This is an example of which major payment method?

Leading,Managing,and Following

Safe Care The Core of Leading and Managing

Developing the Role of Leader

Developing the Role of Manager

Legal and Ethical Issues

Making Decisions and Solving Problems

Healthcare Organizations

Understanding and Designing Organizational Structures

Cultural Diversity in Health Care

Power,Politics,and Influence

Caring, Communicating, and Managing with Technology

Care Delivery Strategies

Staffing and Scheduling

Selecting, Developing, and Evaluating Staff

Strategic Planning, Goal-Setting, and Marketing

Leading Change

Building Teams Through Communication and Partnerships

Workforce Engagement and Collective Action

Managing Quality and Risk

Translating Research into Practice

Consumer Relationships

Conflict The Cutting Edge of Change

Managing Personal/Personnel Problems

Workplace Violence and Incivility

Delegation An Art of Professional Nursing Practice

Role Transition

Self-Management Stress and Time

Managing Your Career

Thriving for the Future

Filters

Exam 12: Managing Costs and Budgets

A nurse manager is planning to request three new infusion pumps at a cost of approximately $1500 each.What would BEST support the capital request?

As an experienced nurse manager who is new to an organization,it would be important to:

A nurse manager discovers that the actual number of visits per patient in a home health service is 3.8 visits per day when the standard is 5 visits per day.Based on this information,the nurse manager:

Which of the following factors is not implicated in rising healthcare costs?

After a major flu vaccination campaign,an agency bills a private insurance company for allowable costs for administration of each vaccination according to the schedule established by the insurance company for reimbursement.This is an example of which major payment method?

Leading,Managing,and Following

Safe Care The Core of Leading and Managing

Developing the Role of Leader

Developing the Role of Manager

Legal and Ethical Issues

Making Decisions and Solving Problems

Healthcare Organizations

Understanding and Designing Organizational Structures

Cultural Diversity in Health Care

Power,Politics,and Influence

Caring, Communicating, and Managing with Technology

Care Delivery Strategies

Staffing and Scheduling

Selecting, Developing, and Evaluating Staff

Strategic Planning, Goal-Setting, and Marketing

Leading Change

Building Teams Through Communication and Partnerships

Workforce Engagement and Collective Action

Managing Quality and Risk

Translating Research into Practice

Consumer Relationships

Conflict The Cutting Edge of Change

Managing Personal/Personnel Problems

Workplace Violence and Incivility

Delegation An Art of Professional Nursing Practice

Role Transition

Self-Management Stress and Time

Managing Your Career

Thriving for the Future

Filters