Variance Reporting in Nursing. Are hospitals competing based on price quality or both? Should hospitals and other healthcare facilities make a profit? Why or why not? Variance Reporting in Nursing
Write a 1200-word essay addressing each of the following points/questions. Be sure to answer all the questions for each bullet point completely. Separate each section in your paper with a clear heading that allows your professor to know which bullet you are addressing in that section of your paper. Support your ideas with at least four (4) sources in your essay. Make sure to reference the citations using the APA writing style for the essay. The cover page and reference page do not count towards the minimum word amount. Review the rubric criteria for this assignment. Variance Reporting in Nursing
- What is it important for a nurse leader to understand variance reporting? How does this reporting become a valuable tool?
- Because staffing is usually the most expensive resource in the provision of care what reports would provide you with valuable information for this expense?
- Contract labor is usually the most expensive man-hours. Why?
- What is a cost-to-charge ratio? Why should a nurse manager understand this ratio and how would he or she use it?
- Finance departments regard nursing units as not being revenue generators. Why do you believe they are inaccurate in their assessment?
- In the new value-based reimbursement environment what other measures can a nurse manager take to enhance reimbursement and prevent revenue loss?
- What is it important for a nurse leader to understand variance reporting? How does this reporting become a valuable tool?
- Because staffing is usually the most expensive resource in the provision of care what reports would provide you with valuable information for this expense?
- Contract labor is usually the most expensive man-hours. Why?
- What is a cost-to-charge ratio? Why should a nurse manager understand this ratio and how would he or she use it?
- Finance departments regard nursing units as not being revenue generators. Why do you believe they are inaccurate in their assessment?
- In the new value-based reimbursement environment what other measures can a nurse manager take to enhance reimbursement and prevent revenue loss?