Financial Management

posted by .

You are the nursing administrator for a medical group that expects a severe outbreak of the flu this winter. You hire additional staff to treat the patients and administer shots. Your special project budget was for 1,000 hours of part-time nurses’ services at $40 per hour, for a total cost of $40,000. It was expected that these nurses would administer 400 flu shots and treat 1,600 flu patients. The medical group typically charges $50 for a flu shot and $80 for treating a flu patient. Actually, the group had 1,200 patients who received the flu shot and 1,400 who had the flu and received treatment. On average, it was able to collect $55 per flu shot and $70 per flu patient.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Question on budget

    How can I turn this into a line-item budget for personnel cost, a functional budget to calculate personnel costs per MRI procedures, and also a program (clinic) budget for providing health care services for 3000 patient visits?
  2. human service

    Various budget approaches play an important role in resource allocation in human service organizations. You are the administrator for an Orthopedic surgery practice you are preparing a budget matrix for MRI services. The matrix budget …
  3. health

    There are 3 additional reasons why Tele-medicine is advantageous, as noted from UOP material. They are as follows: 1. Reduces the need for small towns to have own set of medical specialists. 2. Patients can stay close to home without …
  4. hcr 230

    I was hoping someone could look over my paper and tell me if I am answering correctly the questions below. For patient billing to be operative, dependable financial procedures and policies need to be in order to clarify to the patients …
  5. health

    Your health care organization has called upon you to lead a work team to identify service-quality problems within the environment. Individual Portion Answer the following questions about work teams: •What are the benefits of a strong …
  6. Public financial Management

    Your special project budget was for 1,000 hours of part-time nurses’ services at $40 per hour, for a total cost of $40,000.
  7. financial management

    A capital project has an initial investment of $100,000 and cash flows in years 1-6 of $25,000, $10,000, $50,000, $10,000, $10,000, and $60,000, respectively. Given a 15 percent cost of capital, •(a) compute the net present value. …
  8. Math-Variance

    Orginal Budget Budgeted Volume Budgeted Quantity Budgeted Price 1,000 40.00 $40,000.00 F Flexible Budget Actual Value Budgeted Quantity Budgeted Price 1,200 41.67 $50,000.00 UF Orginal Budget/Flexible Budget Budgeted Volume Budgeted …
  9. math

    Orginal Budget Budgeted Volume Budgeted Quantity Budgeted Price 1,000 40.00 $40,000.00 F Flexible Budget Actual Value Budgeted Quantity Budgeted Price 1,200 41.67 $50,000.00 UF Orginal Budget/Flexible Budget Budgeted Volume Budgeted …
  10. HR management

    Susan Moore is the number manager in charge of a 25-bed medical unit at St. Eligius Hospital. She is currently preparing the nurse staffing plan for the next fiscal year. Hospital management has provided all nurse managers with a list …

More Similar Questions