Chat with AIExam 10: Healthcare Business Essentials: a Primer for Advanced Nurses
What are some specific measures you would look for when demonstrating the impact of nursing on clinical outcomes and the organization's bottom line?
(43) 
VerifiedMortality
Complications
Health care-associated infections
Patient safety
Patient experience
Process
Efficiency
Cost reduction
Describe the various characteristics that an advanced nurse should review when evaluating a product or device.
(36) VerifiedSimplicity of use
Instructional resources
Safety features
Amount of time needed to initially learn how to use the equipment
Repair services
Shared dependency on other departments
Ergonomics
Required dexterity for safe use
Environmental impact
Expense
Security
Potential impact on patient care outcomes of concern
Patient perspectives
Impact of misuse
What patient care problems does this product fix?
Product capabilities that are useful in this clinical setting as compared to capabilities not useful/required
Gaps in processes within and/or between departments that this product may create
Gaps in processes within and/or between departments that this product may solve
Clinical and nonclinical stakeholder impact
Time required from securing the product to finishing with the product
Technology
References or commentary from nonbiased users
Discuss the differences between an operating budget, expense budge, revenue budget, and capital budget.
(38) VerifiedAn operating budget is the budget used for an organization's day to day activities. The revenue and expense budget make up the operating budget.
An expense budget are the dollars spent on salaries, supplies, repairs, education, or insurance.
A revenue budget is the projected income for the upcoming year. Volume projections drive the revenue budget.
A capital budget is essentially a facility's plan for expansion, or investment in buildings or major equipment. >
To calculate patient days, multiply admissions by length of stay. (Number of admissions x length of stay=patient days)
(35) Other than price, what are some of the other components that affect supply cost?
(47) A payor who focuses on preventive services such as smoking cessation or weight loss is _____________.
(35) ___________ is the driving factor in calculating anticipated revenue.
(38) How would a nurse manager provide for staffing when full or part time nurses are on vacation or taking a leave of absence?
(43) You have been appointed to the annual budgeting committee for a new, state-of-the-art health care facility and the committee is discussing the best method to start the budgeting process. A committee member from the accounting department who has experience developing budgets for a similar organization is pushing baseline budgeting, but you believe this new facility should use zero-based budgeting (ZBB). Defend your position.
(30) Medicaid is a government program for individuals with low income.
(34) The Centers for Medicare and Medicaid Services (CMS) initiated a rewards program paying acute care hospitals for high quality care provided. Specific measures are identified and include all of the following except:
(40) The advance practice nurse is providing financial support for RNs who would like to attend a cardiovascular specialty conference. From which budget would these funds be withdrawn?
(36) Government programs pay a higher percentage of charges when compared to a commercial insurance company.
(28) What are some of the factors that should be reviewed before beginning the budget process?
(38) The Affordable Care Act (ACA) was signed into law in 2010. Which describe key provisions to this law?
(33) 
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