100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
nurs fpx 6216 assessment 2: Preparing and Managing an Operating Budget $11.49   Add to cart

Presentation

nurs fpx 6216 assessment 2: Preparing and Managing an Operating Budget

 5 views  0 purchase

Prepare an 8-10 page operating budget for a hospital unit

Preview 3 out of 17  pages

  • September 4, 2024
  • 17
  • 2024/2025
  • Presentation
  • Unknown
  • capella university
All documents for this subject (200)
avatar-seller
samaritanwoman01
Name

Course

Instructor

June, 2024

, Operating Budget

In the context of managing a 35-bed hospital unit with 20 full-time staff, the major sections of an

operating budget would include:

1. Revenue

• Patient Services Revenue: Revenues realized from the provision of services to patients

within the facility or hospital, possibly in the form of room and procedure fees.

• Insurance Reimbursements: Insurance money that is paid to cover the services that were

rendered.

• Government Funding: Tax credit for donations to charities or items or services from

federal, state, or local government programs grantees.

2. Expenses

• Personnel Costs

o Salaries and Wages: Wages includes the basic wages and allowances paid to the

employees that work in full capacity as well as the employees who work in a half- capacity and

the other emoluments such as the overtime allowance.

o Employee Benefits: Medical and life insurance, savings for pension and other social

amenities.

o Staff Training and Development: Expenses incurred to pursue licensure or certification,

professional awareness, and continuing learning.

• Medical Supplies

o Consumables: Syringes, gloves, and bandages are examples of items categorized within

this category since they can be used and thereafter discarded.

, o Medications: Medicines and other products prescribed by a doctor for treating certain

illnesses and health conditions.

o Specialized Equipment: Any acquisition of medical devices and instruments through

purchase, lease-purchase, or lease.

• Operational Costs

o Utilities: Some of the fixed overheads include Costs of power and light electricity, water,

heating, and air conditioning expenses.

o Maintenance and Repairs: Maintaining physical infrastructures and equipment so that

machines, furniture among others can effectively be used by clients or staffs as required.

o Housekeeping and Laundry: Services like cleaning, washing and ironing of clothes and

other fabrics used by staff and patients.

o Food Services: Meal costs associated with patient meals and staff cafeteria operations.

• Administrative Costs

o Office Supplies: Papers and other products, computer, and all items used in an office.

o Communication: Telephone and other communication costs like, Internet expenses.

o Insurance: Liability, malpractice, and property insurance premiums, Claims reserves.

• Contracted Services

o Consultants and Specialists: Cost of outsourcing or hiring experts and consultants.

o IT Services: Expenses related to ITS such as medical applications, electronic health

records and other IT networks.

• Other Operational Expenses

o Marketing and Outreach: The costs that are directly associated with raising awareness in

the community, or recruiting patients.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller samaritanwoman01. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

62555 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$11.49
  • (0)
  Add to cart