NU 412 Final Exam Study Guide
1. Planning and Establishing priorities
2. Complete highest priority tasks
3. Re-prioritize based on new information - ANSWER 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 - ANSWER Strategies for effective time management
Time Assessments - ANSWER 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 - ANSWER 5 Priority setting traps
,1. Coordinate actions/giving information
2. To motivate the team
3. To discuss a problem
4. To make a decision - ANSWER 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) - ANSWER 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 - ANSWER How to minimize time wasters
Cost containment - ANSWER Being frugal, good stewards, efficient, effectively
delivering service while generating needed revenue
Cost effective - ANSWER The product is worth the price, people are willing to pay for the
service
Responsibility accounting - ANSWER Each of an organization's revenue are someone's
responsibility
Forecasting - ANSWER Budget estimate by using historical data
,Budget - ANSWER A financial plan that estimates expenses for a stated future plan
1. Fixed
2. Variable
3. Controllable
4. Uncontrollable - ANSWER Types of expenses
Fixed - ANSWER Expenses that don't change, stay the same month to month
Variable - ANSWER Expenses that change month to month
Controllable - ANSWER Expenses controlled by the manager
Uncontrollable - ANSWER 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 - ANSWER The Budget Process
1. Personnel
2. Operating
3. Capital - ANSWER Types of Budgets
Personell - ANSWER Pays for staff, techs, secretaries, nurses, case manager (use
predetermined standards for staffing)
, NCH/PPD (Nursing care hours, patient per day) - ANSWER Personnel budget is usually
based on what?
Operating budget - ANSWER Expenses need to pay for day to day operation
(consumable supplies)
Capital budget - ANSWER Expensive purchases that you reuse (lifelong- like equipment)
1. Incremental/Percentage increase
2. Zero-based budgeting - ANSWER Budgeting methods
Incremental/Percentage increase - ANSWER Look at budget from last year and inflate it
a little bit and that is the budget for the current year
Zero-Based Budgeting - ANSWER Budgeting method that starts all over from scratch
and doesn't use any previous budget
Decision Package - ANSWER Used to help when using the zero-based budgeting
Hospital - ANSWER Medicare A
Outpatient - ANSWER Medicare B
Allows for increased choices in managed care plans - ANSWER Medicare C
Prescription drug coverage - ANSWER Medicare D
Diagnostic related groups - ANSWER Predetermined payment schedules that reflect
1. Planning and Establishing priorities
2. Complete highest priority tasks
3. Re-prioritize based on new information - ANSWER 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 - ANSWER Strategies for effective time management
Time Assessments - ANSWER 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 - ANSWER 5 Priority setting traps
,1. Coordinate actions/giving information
2. To motivate the team
3. To discuss a problem
4. To make a decision - ANSWER 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) - ANSWER 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 - ANSWER How to minimize time wasters
Cost containment - ANSWER Being frugal, good stewards, efficient, effectively
delivering service while generating needed revenue
Cost effective - ANSWER The product is worth the price, people are willing to pay for the
service
Responsibility accounting - ANSWER Each of an organization's revenue are someone's
responsibility
Forecasting - ANSWER Budget estimate by using historical data
,Budget - ANSWER A financial plan that estimates expenses for a stated future plan
1. Fixed
2. Variable
3. Controllable
4. Uncontrollable - ANSWER Types of expenses
Fixed - ANSWER Expenses that don't change, stay the same month to month
Variable - ANSWER Expenses that change month to month
Controllable - ANSWER Expenses controlled by the manager
Uncontrollable - ANSWER 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 - ANSWER The Budget Process
1. Personnel
2. Operating
3. Capital - ANSWER Types of Budgets
Personell - ANSWER Pays for staff, techs, secretaries, nurses, case manager (use
predetermined standards for staffing)
, NCH/PPD (Nursing care hours, patient per day) - ANSWER Personnel budget is usually
based on what?
Operating budget - ANSWER Expenses need to pay for day to day operation
(consumable supplies)
Capital budget - ANSWER Expensive purchases that you reuse (lifelong- like equipment)
1. Incremental/Percentage increase
2. Zero-based budgeting - ANSWER Budgeting methods
Incremental/Percentage increase - ANSWER Look at budget from last year and inflate it
a little bit and that is the budget for the current year
Zero-Based Budgeting - ANSWER Budgeting method that starts all over from scratch
and doesn't use any previous budget
Decision Package - ANSWER Used to help when using the zero-based budgeting
Hospital - ANSWER Medicare A
Outpatient - ANSWER Medicare B
Allows for increased choices in managed care plans - ANSWER Medicare C
Prescription drug coverage - ANSWER Medicare D
Diagnostic related groups - ANSWER Predetermined payment schedules that reflect
