Affirmative Action - Answers "Employment equity" promotes equal opportunity and ethnic
diversity in the workplace, public contracting, in education, and in health programs.
Ethnic Diversity - Answers Quality of diverse and different ethnic groups or persons, as opposed
to a monoculture
Leveraging Diversity - Answers A leader fosters an inclusive workplace where diversity and
individual differences are valued and leveraged to achieve the vision and mission of the
organization
Equal Opportunity - Answers Fairness of various opportunities
Team Nursing - Answers Team leader (RN) manages the care for a small group of patients
Functional Nursing - Answers Each nurse performs specific tasks for all patients in a given area
Primary Nursing - Answers The RN performs advanced nursing function for a group of patients
for a 24 hour time period and from admission to discharge
Total Patient Care Nursing - Answers The RN is responsible for all indirect and direct patient
care functions, and he or she communicates needs, changes, and requests for assistance with
a charge nurse or team leader
Biomedical Waste - Answers EPA implements laws to protect human health and the
environment on the federal level, and this organization provides guidelines for the state.
Programs and rules regarding this disposal are primarily regulated on the state level.
Human Capital Management - Answers An approach to employee staffing that views people as
assets
Financial Management - Answers An approach to the allocation of resources
Staffing Distribution - Answers The determination of the number of personnel allocated per shift,
nurse executives are usually responsible for this
Strategic Alignment - Answers Part of a human capital management, where goals, mission, and
organizational objective are all considered
Revenue - Answers Total amount of income anticipated during a specified period of time
Expense Budget - Answers Budget that Contains both salary and non salary items
Alliance Program - Answers Program that Works in conjunction with several other organizations
that are involved with workplace health and safety, not budgeting
Depreciation - Answers An income tax deduction that is an annual allowance for the wear and
,tear or deterioration of the property. It allows a taxpayer to recover the costs or other aspects of
specific property.
Tangible property - Answers Property that Can be depreciated, such as, machinery, equipment,
buildings, furniture, and vehicles
Intangible property - Answers Property that can be Depreciable, including copyrights, patents,
and computer software
Staffing Mix - Answers "Staffing ratio" Is the ratio of various types of personnel to one another.
May be more or less weighted toward the use of RNs, depending on the philosophy of the
facility. Often determined by legislation particularly for ICUs and ERs
Variable Costs - Answers Costs that Fluctuate in response to either external or internal influence,
such as patient acuity, census, staff mix, and product cost
Fixed Cost - Answers Costs that remain constant for the facility regardless of fluctuations such
as fees and insurance premiums
Business Plan - Answers Plan that uses economic justification to show financial officers and
elected board officials the necessary information. Helps decision makers decide what to do and
if the choice is right for the organization
Return on Investment - Answers Calculation of the most tangible financial gains or benefits that
are expected from a given project compared to the costs for implementing a program or
solution
Cost Benefit Analysis - Answers The exercise of evaluating a planned action by determining
what the net value is for the organization. Positive minus the negative factors equals whether
something is profitable.
Industrial Model of Productivity - Answers A model that Measures the ratio of work output to
work input and is considered representative of efficiency
Systems Framework of Productivity - Answers A framework that Involves both efficiency and
efficacy, with efficiency including nursing output and efficacy including quality and
appropriateness
Depreciation - Answers These are steps:
Set by IRS...
1. The property must have a determinable useful life of one year or more;
2. The taxpayer must own the property;
3. The taxpayer must use the property for business or in an income producing aspect;
, 4. The taxpayer can depreciate any capital improvements from property that is leased. If the
property is used for personal purposes as well as business, the taxpayer can only deduct
depreciation based only on business use.
Risk Management - Answers Problem focused approach to reduce the frequency and severity of
injuries, accidents, and adverse events
Cost Containment - Answers An approach to managing finances that employs such strategies
as risk management, reduction in staff, and reduction in services
pay Per Coordination - Answers Payment method in which benefits are linked with the concept
of paying for care coordination, which involves support services or other work that is not
available under a fee for service model
Fee for service - Answers Payment method in which standard payment option that a relates one
payment for one service
Pay for performance - Answers Payment method in which the health care insurer or other payer
compensates healthcare facilities and physicians based on performance
Bundled payments - Answers Payment covers the services delivered by two or more providers
during a single care episode over a certain period of time
Resource based relative value scale system - Answers Payment system that establishes a
standardized payment schedule based on resource based scale. Payments are calculated by
multiplying the costs of a service by a monetary amount determined by CMS.
FTE - Answers Total hours (days in the week x hours of shift). Divide by the workweek hours.
Occupancy Rate - Answers Total annual patient days x 100 divided by number of beds x 365.
Higher the rate the more profitable. To raise the rate increase admissions, decrease number of
beds, or increase LOS
Average daily census - Answers Total annual days divided by number of beds x 365
Hours per patient day - Answers Number of hours of nursing care that must be provided. Divide
the total production hours by the number of patients
Healthy Work Environment - Answers Elements include:
Safety - Env. safety, training, physical safety, free from abuse
Empowerment - autonomy, shared governance, opportunities for learning and growth, provide
needed resources
Satisfaction - adequate wages, reasonable workload, good scheduling of work hours