As mentioned earlier, operating budget is the day-to-day revenue and expenses for the year. It is very time-consuming for the manager, especially during the planning phase. Remembering that cutting in one area can affect another area. For example, the pharmacy asking nurses to reconstitute medications, will cost nursing time. However, it will save dollars in product. The difficult task is estimating for work volume for nursing whether in patient days, treatments, procedures, patients, or deliveries. Finance may tell some nursing units what that base number is. Calculate for full time equivalents, but for the most part, finance will dictate to you what that number is. It is your job manage and follow hospital policy on the overtime practices. An outline for the employee position’s budget is a way of detailing the amount it costs for each person in each position. Top management may just build raises into the operating budget. Included in the operating budget are the fringe benefits. The disadvantages are if the nurse manager made any mistakes in the budget, she will need to cut back costs to make up for
As mentioned earlier, operating budget is the day-to-day revenue and expenses for the year. It is very time-consuming for the manager, especially during the planning phase. Remembering that cutting in one area can affect another area. For example, the pharmacy asking nurses to reconstitute medications, will cost nursing time. However, it will save dollars in product. The difficult task is estimating for work volume for nursing whether in patient days, treatments, procedures, patients, or deliveries. Finance may tell some nursing units what that base number is. Calculate for full time equivalents, but for the most part, finance will dictate to you what that number is. It is your job manage and follow hospital policy on the overtime practices. An outline for the employee position’s budget is a way of detailing the amount it costs for each person in each position. Top management may just build raises into the operating budget. Included in the operating budget are the fringe benefits. The disadvantages are if the nurse manager made any mistakes in the budget, she will need to cut back costs to make up for