Module and Learning Objectives: Managing Money

OVERVIEW

Please read chapter 15 in Sullivan, course textbook

Have a calculator handy for class this week. You will be taking your open book Budget Exam so attendance is expected.

We will cover:

budgeting and types of budgets
calculating expense and revenue budgets
reading the balance sheet
types of variances
calculating staffing required
read article regarding the Relationship Between Nurse Staffing and Patient Mortality in Intensive Care units Links to an external site.
Retrieved from: https://pubmed.ncbi.nlm.nih.gov/18794716/

Learning Objectives

describe types of budgets in healthcare organizations

discuss zero-based approach to budget preparation

discuss unit manager responsibilities in context of financial management

describe budget variances

discuss types of costs-fixed and variable

contrast productive time vs. non-productive time

compare personnel costs and supply costs