Exam 9: Financial Management, Cost Containment, and Marketing

The hospital is promoting a healthy living program for its employees.On what part of cost containment is the hospital focusing?

With very few Food and Drug Administration-approved nonprescription weight loss drugs on the market,the pharmaceutical companies that produce these over-the-counter medications can establish what kind of pricing goal?

The nurse manager wanted to implement a new indirect cost savings strategy on the unit.An example of an indirect cost savings strategy is:

The hospital has established a wellness center that provides health education programs.To advertise this new service,the hospital conducts what type of marketing?

The hospital used promotions that were not paid for by the hospital.What type of publicity tool did the hospital use?

The hospital established the financial responsibilities of the personnel who are part of the budgetary process.The function of the nurse managers and department heads during the budgetary process is to:

The hospital implemented several cost-cutting strategies to keep from closing.One strategy was the support of early retirement.What kind of strategy can the nurse manager use to keep up the morale of the unit?

A nurse manager has to submit a proposal to the administration for the staffing needs of the intensive care unit.The nurse manager will be working with what type of budget?

A marketing audit of a small rural town is performed to see if the community would be interested in having a clinic that specializes in women's and children's services.This is what type of market targeting?

Which of the following reimburses according to the cost of treatment of specific diagnosis-related groups (DRGs)?

The hospital's board of directors sent letters to wealthy community leaders seeking donations to help build an extension to the hospital.This target group is an example of:

A nurse manager acts as a fiscal manager on the unit.The nurse manager's most likely duty is to:

One difference between the traditional model and the McCloskey model for costing out nursing services is that the McCloskey model uses:

How should nurse managers face the challenge of globalization?

A nurse manager uses what technique to help control costs?

The chief nursing officer needed to make changes in the staffing budget because the hospital was opening an additional 10 beds to the emergency department.The nursing administrator had to look at what type of costs?

What has been the impact of managed competition on nursing?

A system in which a fixed payment is given to a care provider per health plan participant per month for delivery of a specified amount of health care services is known as:

The nurse manager needs to determine the most economical level of inventory,because supplies represent a significant cost factor.To keep costs down,the nurse manager places small orders frequently.This is an example of reducing what kind of cost?

The nurse manager assessed the need for a new flotation bed for patients with severe decubitus ulcers on the unit.The nurse manager reported this information to the chief nursing officer,who reviewed which budget to plan for replenishment of this equipment on the unit?