Question

What types of variances should a hospital manager be responsible for?

What types of variances should a hospital manager be responsible for?
Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Hospital Manager should be responsible for following variances:

  • Material Rate Variances: Material used in the hospital, difference in rates budgeted and actual
  • Material Quantity Variances: Material used in the hospital, difference in quantities budgeted and actual consumed
  • Cost variances: All the major cost heads needs to bifurcated in terms of resources used(over/under) as well as rates (over/Under). Cost such as labor cost, administrative expenses cost, cost of doctors, nursing staff, etc.
  • He will also be responsible for variances related to medicines
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Sue is the unit manager for the maternity unit at Valley Hospital. She is ultimately responsible...
Sue is the unit manager for the maternity unit at Valley Hospital. She is ultimately responsible for the goals, outcomes, and success of the unit. She is also responsible for all unit nurses and health unit coordinators. Valley Hospital is beginning an all-hospital quality initiative that is focused on increasing patient satisfaction rates, reducing infection rates, and decreasing staff payroll costs. Sue does not really have any data on patient satisfaction, but she does have the monthly infection rates for...
3. The contracting officer is responsible for selecting and negotiating appropriate contract types. What factors should...
3. The contracting officer is responsible for selecting and negotiating appropriate contract types. What factors should the contracting officer consider when selecting and negotiating contract type?
Should a manager or managers be held either legally or ethically responsible for harm that is...
Should a manager or managers be held either legally or ethically responsible for harm that is done to another employee when an employee becomes violent? Does it make any difference if the manager(s) suspected that that particular employee had problems, although he or she did not know for certain of those violent behavior propensities?
Jonathan Kirkpatrick recently was hired as a nursing manager in an acute care hospital for orthopedics,...
Jonathan Kirkpatrick recently was hired as a nursing manager in an acute care hospital for orthopedics, neurology, and two medical surgical units for a for-profit corporation. Nurse Kirkpatrick is responsible for the quality, cost, and morale for the units that he manages. As part of his employment package, he is rewarded with a bonus based on the amount of money that he is able to save the hospital. 1. What is the key challenge Nurse Kirkpatrick faces in most aspects...
Answer the question as if you are the risk manager at a hospital. How should ethical...
Answer the question as if you are the risk manager at a hospital. How should ethical guidelines influence your decisions when implementing or revising policies and procedures regarding patient care decisions? In particular, consider patient end-of-life care policies. This is for a discussion post in my Healthcare Risk class. Please povide a 250 word response. Thanks in advance.
A hospital manager budgeted $100,000 for monthly nursing expenses in the hospital’s well-baby clinic. The manager...
A hospital manager budgeted $100,000 for monthly nursing expenses in the hospital’s well-baby clinic. The manager expected that the clinic would treat 5,000 babies and pay its nurses $40 per hour. Instead, the clinic treated 6,000 babies and used 3,200 hours of nursing time at $37.50 an hour. Calculate the total, quantity, price, and volume variances for nursing expenses during the month. Briefly explain your answers.
A hospital manager budgeted $100,000 for monthly nursing expenses in the hospital’s well-baby clinic. The manager...
A hospital manager budgeted $100,000 for monthly nursing expenses in the hospital’s well-baby clinic. The manager expected that the clinic would treat 5,000 babies and pay its nurses $40 per hour. Instead, the clinic treated 6,000 babies and used 3,200 hours of nursing time at $37.50 an hour. Calculate the total, quantity, price, and volume variances for nursing expenses during the month. Briefly explain your answers.
What is the system responsible for controlling minute ventilation? What types of inputs does this system...
What is the system responsible for controlling minute ventilation? What types of inputs does this system receive from other areas of the body? Which of this is the most important or has the greatest impact, especially at sea level?
How do T cells recognize and respond to foreign antigen? What types of cells are responsible...
How do T cells recognize and respond to foreign antigen? What types of cells are responsible for helping with this process?
You are responsible for the nursing departments in a hospital. Your boss has stated that this...
You are responsible for the nursing departments in a hospital. Your boss has stated that this year he wants to factor acuity levels in to the nursing dept. budget. What does he mean? What is acuity? How is acuity factored into the budget?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT