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NR 630 WEEK 4 ASSIGNMENT, FTE/VARIANCE ANALYSIS
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NR 630 WEEK 4 ASSIGNMENT, FTE/VARIANCEANALYSIS
Purpose
The purpose of this assignment is to provide learners with the opportunity to gain financial
management skills by calculating full-time equivalents for a nursing unit and analyzing a variance
scenario.
Due Date: Sunday 11:59 p.m. MT at the end of Week 4
Total Points Possible: 100
REQUIREMENTS:
Answer the questions and complete the calculations required for the two sections of the
assignment.
Calculations of full-time equivalents (FTEs)
Variance analysis
Submit your answers on a Word document, with the heading of Week 4 Assignment. For the
questions requiring a written response, please adhere to proper grammar and syntax, and provide
references. For the questions requiring calculations, show all your work and follow the format that
has been provided for the calculations in the lesson for Week 4.
PREPARING THE PAPER
Section One—Calculation of Full-Time Equivalents
Personnel Budget Case Study
Linda Watson has recently accepted a position as the assistant administrator for the department of
nursing at St. Joseph Hospital. There have been both personnel and financial problems at St.
Joseph Hospital, and recently, the Catholic Healthcare System purchased the hospital. Like Linda,
all of the management staff is new. Linda’s first priority is to assist the nurse managers in preparing
their cost centers’ personnel budgets for the coming fiscal year. She has decided to begin with the
nurse manager on 1 West, a step-down nursing unit. Linda wants to do extensive data collection
and create a solid base for making projections.
1
, 1. Suggest all the information Linda needs to collect to prepare a budget for 1 West; be sure to
include background data on the unit itself as it relates to previous budgets, nursing staff, and the
organization. In other words, summarize your approach to this Case Study—briefly state the
organization’s goals (customer-service orientation) for the coming year, trends, any changes in
trends that you may anticipate—such as growth in the patient population and the types of data that
need to be collected in order to make decisions about staffing levels and ratios.
2. Linda has collected the following information, in addition to what was asked in question number
one:
Patient Data:
Average Daily Census 30
Unit Capacity 32
Average HPPD 8.8
Total Care Hours 96,360
Staff Data:
Productive hours/employee/year 1,780
Nonproductive hours/employee/year 300
Total Hours/employee/year 2,080
Skill Mix:
RNs 80%
LVNs 10%
Nurse aides 10%
Average Salary per Employee Category:
2
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