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| About the Author | |
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| Introduction | |
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| Budgeting for the Nurse Manager | |
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| What Is a Budget | |
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| The Benefits of Budgeting | |
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| The Integral Nature of Budgeting | |
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| Summary | |
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| How Does Health Care Reimbursement Work? | |
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| Health Care Reimbursement in the USA | |
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| The Early Role of Insurance Companies | |
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| The Advent of Medicare and Medicaid | |
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| Part D and the "Donut Hole" | |
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| Medicaid | |
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| The Role of Philanthropy | |
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| Managed Care | |
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| Types of Health Care Reimbursement | |
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| Capitation | |
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| The Role of Social Policy | |
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| Accountable-Care Organizations (ACOs) | |
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| The Importance of Reimbursement: An Example | |
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| Summary | |
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| Varieties of Budgets | |
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| Forms of Budgets | |
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| Zero-Based Budgets | |
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| Fixed Budgets | |
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| Flexible Budgets | |
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| Historical Budgets | |
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| Operating Budgets Versus Capital Budgets | |
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| Summary | |
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| The Budget-Development Work Flow | |
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| Collecting Relevant Data | |
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| Planning Services | |
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| Planning Activities | |
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| Implementing the Plan | |
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| Monitoring the Budget | |
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| Taking Corrective Measures When Necessary | |
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| Management's Role in Budgeting | |
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| Summary | |
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| Building an Operating Budget | |
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| Key Metrics in the Operating Budget | |
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| Understanding Expenses | |
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| Projecting Expenses | |
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| Calculating Employee-Related Costs | |
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| The Number of FTEs Needed | |
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| Accounting for Benefit Time | |
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| Other Key Calculations | |
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| Putting It All Together | |
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| Busting Budget Myths | |
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| Summary | |
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| Fixed Budgets | |
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| Flexible Budgets | |
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| Historical Budgets | |
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| Operating Budgets Versus Capital Budgets | |
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| Summary | |
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| The Budget-Development Work Flow | |
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| Collecting Relevant Data | |
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| Planning Services | |
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| Planning Activities | |
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| Implementing the Plan | |
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| Monitoring the Budget | |
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| Taking Corrective Measures When Necessary | |
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| Management's Role in Budgeting | |
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| Summary | |
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| Building an Operating Budget | |
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| Key Metrics in the Operating Budget | |
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| Understanding Expenses | |
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| Projecting Expenses | |
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| Calculating Employee-Related Costs | |
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| The Number of FTEs Needed | |
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| Accounting for Benefit Time | |
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| Other Key Calculations | |
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| Putting It All Together | |
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| Busting Budget Myths | |
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| Summary | |
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| Understanding Capital Budgets | |
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| Budgeting for Major Movable Equipment | |
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| Budgeting for Fixed Assets | |
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| Examples of Capital Expenditures | |
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| Why Develop a Capital Budget? | |
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| Developing the Capital Budget | |
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| Including a Contingency Line | |
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| Summary | |
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| Analyzing Budget Variances | |
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| Conducting a Variance Analysis | |
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| Calculating Variances | |
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| Calculating the Efficiency Variance | |
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| Calculating the Volume Variance | |
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| Calculating the Cost Variance | |
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| Putting It All Together | |
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| Summary | |
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| Budget Reports | |
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| Types of Budget Reports | |
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| Comparative Staff Summary Report #1 | |
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| Comparative Staff Summary Report #2 | |
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| Comparative Staff Summary Report #3 | |
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| Comparative Staffing Report #4 | |
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| Comparative Staffing Report for the ICU/CCU | |
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| Staff Mix Analysis Report | |
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| Nursing Care Hour Report | |
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| Summary | |
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| Conclusions | |
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| Get Politically Involved | |
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| Know What Types of Insurance Plans Reimburse Your Organization | |
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| Develop Strategic Relationships with Key Individuals in Your Organization | |
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| Speak the Language of Finance | |
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| Do It | |
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| Concluding Remarks | |
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| Glossary | |
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| Index | |