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AWHONN Module 9 Exam Questions With 100% Correct Answers 2024/2025 Latest
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AWHONN Module 9 Exam Questions With 100% Correct Answers 2024/2025 Latest
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AWHONN Module 9 Exam Questions With100% Correct Answers 2024/2025 Latest
Whatsarescriticalsresourcessforsfunctionalshealthcaresorganization?s
ANS:s-Personnels(usuallysthesbiggestsexpense)
-Fiscalssupport
-Physicalssettings
-Technology
-Timestosdosthesexpectedswork
Resourcesstranslatessto:s$$$
BudgetingsFactss-
s•Nationalshealthcaresspendingsprojectedstosgrowsatsansaveragesratesofs5.4%sfroms20
19stos2028stosreachs$6.2strillion
ANS:s-
slotssofsmoneysspentsonshealthcare,syetswesaresnotsdoingssoshotsinspositivesresultss
-Projectedstosgrowsfastersthansgrosssdomesticsproductsbys1.1%spersyear
-Bys2028shealthscaresspendingswillsaccountsforsabouts20%sofsthesUSsGDP
-
Thissgrowthsofsexpensessissplacingssignificantspressuresonsorganizationsstoscontrolse
xpenditures
-
Thissposessuniqueschallengessforsnursing,sassitsissusuallystheslargestslaborsforcesinsthe
shospitals(notsthesmostscostly)
BasicsMedicalsEconomicss101s-sANS:ssMoneysins(insurance)s-
smoneysspents(supplies,shealthcaresbill,sbasicscostssofsmaintainingsasbuildingsetc.)s=s
moneysleftovers(profit)
BasicsEconomicss-sSupplys
sANS:s-People
-Supplies/technology
-Time
BasicsEconomicss-sANS:sDemands-s-Numbersofspeoplesinsashealthscaressystem
-Desiresandswillingnessstospaysthesaskingsprice
BasicsEconomicss-sANS:sPrices-s-Costsofsthesservice
-Actualschargesdeterminedsbysseller
-Overallsexpendituresofsdollars
,BasicsEconomicss-sCostsofsServicess-
sANS:sshighssupplysandslowsdemands=sfavorssconsumers
lowssupplysandshighsdemands=sfavorsbusiness
Budgets-sANS:saswrittensfinancialsplansaimedsatscontrollingsallocationsofsresources
ExpensessANS:s-sthescostssorspricessofsoperatingstheshospital
Revenues-sANS:ssincomesreceivedsforsthesprovisionsofsgoodssorsservices
Incomes-sANS:sRevenuesminussexpensess=sprofit
Variances-sthesdifferencesbetweensthesbudgetsandsdailysreality
-sANS:swhatsIshavesonspapersvsswhatsactuallyshappens
BasicssofsBudgetings-
sANS:sBasicsunderstandingsofsthesbudgetsissansexpectationsforsallsleaders.
-sCapitalsBudgets
Equipments&sassets
Buildings
Infrastructure
-sOperatingsBudgets
Expensesbudgetsworksexpendabless
Personnelsbudgetspeople
Whatsweswillsmostlysfocussonsifswesbecomesasnursesmanager
CapitalsBudgetscomponentss-s-Capitalsconstructionsprojectss-sorganizationalsissue
(ex:sbuildingsasnewshospital)s
-DurablesEquipments-
susuallysatsaspricespoints(e.g.sanythingsovers$10,000swhichsyouswouldsneedstosapplysf
orsandsfightsforsbetweensotherspeopleswithinsthesorganization)
CapitalsBudgetsEquipmentsconsiderationss-s-sAllsequipmentshassaslifespan
•sMustsknowsyoursequipmentsandsforecastsreplacementsswhenslifespansissreached
•sMightsbesasmulti-yearspurchasessosplansahead
•sReplacingsequipmentsatsendsofslifespansissusuallyshighestspriority
-sNewsequipmentsforsnewsservicessorsfunctionality
•sUsuallyssecondsprioritysandsrequiressstrongsjustificationsregardingssafety,scostssavi
ngs
, CapitalsBudget:sCostsdrivesslevelsofsapprovals-
sReplacingsasbedsidescommodescansbesapprovedslocallyswheresbuyingsnewstelemetrys
monitorsswouldsbesapprovedsbysthesexecutivescommittee
OperatingsBudgets-s•sIncludessexpensessandspersonnel
•sMostsdifficultstosaccuratelysproject
•sBasedsupon
-Projectedsvolumesofswork
-Projectedsstaffing
-Projectedschangessinsstaffssalaries
-Projectedssupplysusage
-Projectedsrevenuesgained
^^^sQuestimates
(problemsofsoperatingsbudgetsissthesfactsthatsitssbuiltsonsprojectionssandshistoricalsk
nowledgesbutsatsthesendsofsthesdaysitssjustsasquestimate)
•sSoftwaresprogramsstosassistswithsmuchsofsthescalculating
•Nursingsusuallyshassaslargespersonnelsbudget
-Staff
-Contractors
-LocumsTenens/sTravelsnurses
StepssinsthesBudgetsProcesss-s
BudgetsApprovalsProcesss-s
ManagingsBudgetss-
s•sLeaderssaresusuallyspairedsupswithssomeoneswhosworkssinsthesfinancialsmanageme
ntsdivisionsofsthesorganization
•sThesbudgetsissreviewedsregularlysforsamountsspent
•sYouswillsbesheldsresponsiblesforsmanagingsyoursbudget
•sSomesorganizationssplacesaslotsofsemphasissonsspendingsbysthesendsofsbudgetsyear,s
particularlyswithscontracts
(Ifsyoushavessurplussamountssofsmoneysatsthesendsthesthesyears..sitsisscommonsforsthes
businessstosthenstheyswillsnotsgivesitsthesnextsyearsandswillsbesgivenselsewhere)
Determinings"Successful"sBudgets
-showsissitsmeasured?s-s-Measuredsby:sProductivity,sValue,sorsVariance
Determinings"Successful"sBudgets:sProductivitys-
sRatioscomparingswhatsissproducedstoswhatsissrequiredstosproducesit
-sBusinesssmodel
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