N432 Test 2: Managing Costs and Budgets
The chief nursing officer of a Magnet™ hospital has conducted a study of ways to improve healthcare services.
Healthcare services that add value for clients:
a. Accomplish healthcare goals.
b. Minimize costs.
c. Decrease the number of services used.
d. Use high-technology treatments.
b
The difference between a nurse practitioner's charge of $45 for an office visit and the insurance company's payment of
$34 is:
a. A contractual allowance.
b. A profit.
c. A flat rate.
d. Revenue.
a
The chief nursing office continues to seek ways to improve healthcare services to clients and to save the hospital money.
However, with the federal guidelines of paying agencies based on capitation, the chief nursing office faces a challenge.
Capitation provides incentives for healthcare providers to control costs by:
a. Providing fewer services to fewer clients.
, b. Using fewer services per client.
c. Using high-technology treatments.
d. Requiring second opinions.
b
In a nurse managers' meeting, the chief nursing officer encourages the managers to brainstorm ways to reduce costs.
Nurse managers have the greatest impact on reducing costs by managing:
a. Supplies.
b. Staffing.
c. Fixed costs.
d. Medication costs.
b
The chief nursing officer works with her nurse managers by helping them understand how to develop and implement a
budget. A nurse manager can best describe a budget as a:
a. Day-to-day plan for operations.
b. Unit of service.
c. Statement of revenues and services.
d. Financial plan.
d
A nurse manager approves two staff nurses to attend a national conference. When reviewing the budget, the nurse
manager looks at which line item?
The chief nursing officer of a Magnet™ hospital has conducted a study of ways to improve healthcare services.
Healthcare services that add value for clients:
a. Accomplish healthcare goals.
b. Minimize costs.
c. Decrease the number of services used.
d. Use high-technology treatments.
b
The difference between a nurse practitioner's charge of $45 for an office visit and the insurance company's payment of
$34 is:
a. A contractual allowance.
b. A profit.
c. A flat rate.
d. Revenue.
a
The chief nursing office continues to seek ways to improve healthcare services to clients and to save the hospital money.
However, with the federal guidelines of paying agencies based on capitation, the chief nursing office faces a challenge.
Capitation provides incentives for healthcare providers to control costs by:
a. Providing fewer services to fewer clients.
, b. Using fewer services per client.
c. Using high-technology treatments.
d. Requiring second opinions.
b
In a nurse managers' meeting, the chief nursing officer encourages the managers to brainstorm ways to reduce costs.
Nurse managers have the greatest impact on reducing costs by managing:
a. Supplies.
b. Staffing.
c. Fixed costs.
d. Medication costs.
b
The chief nursing officer works with her nurse managers by helping them understand how to develop and implement a
budget. A nurse manager can best describe a budget as a:
a. Day-to-day plan for operations.
b. Unit of service.
c. Statement of revenues and services.
d. Financial plan.
d
A nurse manager approves two staff nurses to attend a national conference. When reviewing the budget, the nurse
manager looks at which line item?
