Health Medical
Incremental Budgeting Nursing Leadership and Management Research Paper

Question Description

I don’t understand this Nursing question and need help to study.

Read Chapter on Davis Plus: Finance

1-Mention the types of budgets that you know and give examples of then?

2- What is budgeting?

3- What is directed and indirect cost?

4- Give examples of productive and non-productive hours?

5- What does HMO, PPO, POS means?

A) Mention one example of each of then in your city, or state?

6- What is DRGs.?

7- Give some examples of strategies for Cost-conscious nursing practice that your Nursing unit use to lower medical care cost?

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Final Answer

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Running head: NURSING LEADERSHIP AND MANAGEMENT

Nursing Leadership and Management
Name
Course
Tutor
Date

1

NURSING LEADERSHIP AND MANAGEMENT

2

Nursing Leadership and Management
The department of finance in a healthcare organization is responsible for taking care of
the financial aspects of healthcare provision. In consultation with the organization's management,
the department of finance prepares a budget to be used to manage the finances of the
organization for a particular period. This paper examines the various aspects of finance in
relation to leadership and management in nursing.
What is budgeting?
Budgeting can get defined as the process that organizations use to project the details of
expenses in revenue that the organization intends to spend on particular projects in the future of
the organization’s operations (Barroy et al., 2018). The financial estimates get made based on the
external and internal factors that exist at the organization at that particular time.
Types of budgets and their examples
Incremental budgeting
This ty...

CASIMIR (26432)
Cornell University

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