NURSE EXECUTIVE CERTIFICATION
CERTIFICATION EVALUATION VERIFIED
QUESTIONS AND SOLUTIONS FULL REVIEW
PACK
●● Budget cycle includes:
Answer: development
monitoring
reporting
justifying
variance analysis
●● 4 main types of budgets for nurse leaders
Answer: expense
capital
revenue
operating
●● capitation
Answer: payment arrangement where providers are paid a pre-arranged
amount for each person/member assigned to them over a certain period
of time often whether they use it or not
, ●● CMI (Case Mix Index)
Answer: average relative DRG weight of a hospital's inpatient
discharges, calculated by summing the Medicare Severity-Diagnosis
Related Group (MS-DRG) weight for each discharge and dividing the
total by the number of discharges.
●● Contribution Margin
Answer: The profit that is contributed by a cost center without the
indirect costs.
●● Margin
Answer: Difference between what is actually collected from payers and
total expenses.
●● Equal Employment Opportunity Commission
Answer: est in 1965 to enforce Title VII of Civil Rights Act of 1964
discrimination and harassment
employers must have 15 or more employees to be affected (20 or more
for age discrimination)
●● Law the EOC enforces
Answer: Title VII of the Civil Rights Act of 1964
The Pregnancy Discrimination Act
CERTIFICATION EVALUATION VERIFIED
QUESTIONS AND SOLUTIONS FULL REVIEW
PACK
●● Budget cycle includes:
Answer: development
monitoring
reporting
justifying
variance analysis
●● 4 main types of budgets for nurse leaders
Answer: expense
capital
revenue
operating
●● capitation
Answer: payment arrangement where providers are paid a pre-arranged
amount for each person/member assigned to them over a certain period
of time often whether they use it or not
, ●● CMI (Case Mix Index)
Answer: average relative DRG weight of a hospital's inpatient
discharges, calculated by summing the Medicare Severity-Diagnosis
Related Group (MS-DRG) weight for each discharge and dividing the
total by the number of discharges.
●● Contribution Margin
Answer: The profit that is contributed by a cost center without the
indirect costs.
●● Margin
Answer: Difference between what is actually collected from payers and
total expenses.
●● Equal Employment Opportunity Commission
Answer: est in 1965 to enforce Title VII of Civil Rights Act of 1964
discrimination and harassment
employers must have 15 or more employees to be affected (20 or more
for age discrimination)
●● Law the EOC enforces
Answer: Title VII of the Civil Rights Act of 1964
The Pregnancy Discrimination Act
