As Nurse Manager for a large operating room (OR) and post-anesthesia care unit (PACU), you have been asked to prepare for the fiscal budgeting process. Your Director has asked you to specifically focus on labor and equipment costs for both of your areas.
Related question #1
Your hospital resides in a seasonal community that has a fluctuating population depending on the time of year. As a result, you must flex the staffing of your OR and PACU to coincide with the time of year the population changes.
- a) Identify and discuss which budget process to use for labor costs and which is appropriate for equipment cost.
- b) Describe the steps you would follow in the budgeting process.
Related question #2
During your budget meetings, the Chief Financial Officer informs you that a decrease in revenue is expected in your areas based on changes in reimbursement. You have been asked to propose a plan to reduce labor and supply costs; justify the best budgeting method to achieve this goal.
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