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1) Interview the nurse manager of a health care organization to gain an understanding of how various costs are managed

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1) Interview the nurse manager of a health care organization to gain an understanding of how various costs are managed. Use the following questions to guide the interview: What method is used to measure nursing cost? How are contracts with various insurers such as Medicare, Medicaid, Blue Cross, and managed care discounted? What percentage of profit did the organization make last year, and how was it allocated? Which professional services are billed directly?

2) Construct a competitive analysis for two nursing units where you are doing your clinical experience. What did you observe? 2. Look around your clinical agency. Do you see any dashboards? What do they reveal about your agency?

3) Profit is synonymous with A. dividends. B. billing privileges. C. margin. D. certificate of need. 4. The following should be done immediately after an operational budget has been put into place: A. Demographic information B. Regulatory influences C. Competitive analysis D. Budget monitoring

4) An operational budget accounts for A. the purchase of minor and major equipment. B. construction and renovation. C. income and expenses associated with daily activity within an organization. D. applications for new technology.Economics is the study of A. the cost: quality interface. B. cost accounting. C. the cost of doing business. D. how to manage scarcity of resources.

5) Maria Diaz is a senior nursing student working as a patient care assistant on an oncology floor in a small community hospital. Maria is well liked by the staff of the floor and is offered a full-time registered nurse position upon graduation. While Maria is flattered and relieved that she has an offer, she feels that she should at least interview at another hospital, including a nearby teaching hospital, for comparison. How would maria begin her job search at other hospitals? What are the key elements to securing an interview at other hospitals? Once maria has an interview, what type of questions should she be prepared to answer from the interviewer? What type of questions should maria be prepared to ask?

6) A nurse administered the wrong medication to a patient. The patient then had to be transferred to the Intensive Care Unit and required a longer stay in the hospital. The nurse freely admitted the mistake to her nurse manager. The manager recommended that the two of them go talk with the patient and explain what happened. The administration then heard about the incident and advised the manager against telling the patient immediately about the error. The situation was also referred to the hospital ethics committee. Use the guide for decision making in Table 15-3 and the ethics test discussed earlier in this chapter to decide what should be done.