What is it important for a nurse leader to understand variance reporting? How does this reporting become a valuable tool?
What is it important for a nurse leader to understand variance reporting? How does this reporting become a valuable tool?
• Because staffing is usually the most expensive resource in the provision of care, what reports would provide you with valuable information for this expense?
• Contract labor is usually the most expensive man-hours. Why?
• What is a cost-to-charge ratio? Why should a nurse manager understand this ratio, and how would he or she use it?
• Finance departments regard nursing units as not being revenue generators. Why do you believe they are inaccurate in their assessment?
• In the new value-based reimbursement environment, what other measures can a nurse manager take to enhance reimbursement and prevent revenue loss?
The following specifications are required for this assignment:
Length: 1100 words; answers must thoroughly address the questions in a clear, concise manner.
Structure: Include a title page and reference page in APA style. These do not count towards the minimum word count for this assignment.
References: Use the appropriate APA style in-text citations and references for all resources utilized to answer the questions. Include at least four (4) scholarly sources to support your claims.
Format: Save your assignment as a Microsoft Word document (.doc or .docx).
File Name: Name your saved file according to your first initial, last name, and the assignment number (for example, “RHall Assignment 1.docx”)
please add introduction and conclusion
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