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NU 412 Final Exam Questions and Correct Answers

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1. Planning and Establishing priorities 2. Complete highest priority tasks 3. Re-prioritize based on new information Steps to Time Management 1. Time assessment 2. Writing things down 3. Prioritize activities 4. Learning to do a task more quickly 5. Organizing tasks 6. Use time estimates 7. Docume...

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NU 412 Final Exam Questions and
Correct Answers
1. Planning and Establishing priorities
2. Complete highest priority tasks
3. Re-prioritize based on new information ✅Steps to Time Management

1. Time assessment
2. Writing things down
3. Prioritize activities
4. Learning to do a task more quickly
5. Organizing tasks
6. Use time estimates
7. Document ASAP
8. Strive to end the work day on time
9. Take breaks
10. Delegating
11. Organizing with the team
12. Creating effective meetings ✅Strategies for effective time management

Time Assessments ✅Where am I wasting time? When is my high energy time?

1. Whatever hits first
2. Path of least resistance
3. Squeaky wheel
4. Managing by default
5. Waiting for inspiration/motivation ✅5 Priority setting traps

1. Coordinate actions/giving information
2. To motivate the team
3. To discuss a problem
4. To make a decision ✅What are the purposes of an effective meeting

1. Socializing
2. Procrastination
3. Time wasters (telephone interruptions, personal phone calls, attempting to do too
much, visitors, the inability to say "no", paperwork, inadequate staff, poor
communication, technology) ✅Barriers to effective time management

1. Don't make yourself overly accessible
2. Interrupt
3. Avoid promoting socialization
4. Be brief

,5. Schedule long-winded people ✅How to minimize time wasters

Cost containment ✅Being frugal, good stewards, efficient, effectively delivering service
while generating needed revenue

Cost effective ✅The product is worth the price, people are willing to pay for the service

Responsibility accounting ✅Each of an organization's revenue are someone's
responsibility

Forecasting ✅Budget estimate by using historical data

Budget ✅A financial plan that estimates expenses for a stated future plan

1. Fixed
2. Variable
3. Controllable
4. Uncontrollable ✅Types of expenses

Fixed ✅Expenses that don't change, stay the same month to month

Variable ✅Expenses that change month to month

Controllable ✅Expenses controlled by the manager

Uncontrollable ✅Expenses that can not be controlled (massive trauma)

1. Assess what needs to be covered
2. Diagnosis
3. Developing a plan
4. Implementation
5. Evaluation ✅The Budget Process

1. Personnel
2. Operating
3. Capital ✅Types of Budgets

Personell ✅Pays for staff, techs, secretaries, nurses, case manager (use
predetermined standards for staffing)

NCH/PPD (Nursing care hours, patient per day) ✅Personnel budget is usually based
on what?

, Operating budget ✅Expenses need to pay for day to day operation (consumable
supplies)

Capital budget ✅Expensive purchases that you reuse (lifelong- like equipment)

1. Incremental/Percentage increase
2. Zero-based budgeting ✅Budgeting methods

Incremental/Percentage increase ✅Look at budget from last year and inflate it a little
bit and that is the budget for the current year

Zero-Based Budgeting ✅Budgeting method that starts all over from scratch and
doesn't use any previous budget

Decision Package ✅Used to help when using the zero-based budgeting

Hospital ✅Medicare A

Outpatient ✅Medicare B

Allows for increased choices in managed care plans ✅Medicare C

Prescription drug coverage ✅Medicare D

Diagnostic related groups ✅Predetermined payment schedules that reflect historical
costs for treatment of specific patient conditions

Critical Pathways ✅Standardized predictions of patients progress for a specific
diagnosis

Managed Care ✅Used primary physicians as gatekeepers

Utilization Review ✅Needs to show medical necessity- doctor has to show insurance
company why patient needs surgery

HMO's and PPO's ✅Group of providers that enroll in this program-reduces cost to
employees if they choose doctor in their group

Bundle Payments ✅Providers work together to treat one illness for one price (prevents
duplication of service) You pay one fee and it covers all tests/services

Accountable care organization ✅Group of providers and suppliers working together to
coordinate care for Medicare patients

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