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Part 10: More Budget Secrets
July 31, 2008 1:31 PM by Carol Kleinman

Budgets are done initially as computer-modeled projections based on previous performance. What that means is that the computer looks at what was spent and models a budget for the next cycle based on that amount. Thus, if you spend less, you will get less. Read More...

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Part 7: Thoughts on Budgeting
June 19, 2008 11:40 AM by Carol Kleinman

The operations budget, while based in part on expenses, is also based on revenue projections. Clearly we would not knowingly budget to spend more than we expect to earn from a product or service and so we budget accordingly. In general, we do not expect Read More...

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Part 2: Prospective Payment Systems: An Historical View
April 14, 2008 12:58 PM by Carol Kleinman

What happens with Prospective Payment Systems (PPS) is that we are paid a flat rate for each Diagnostic Related Group (DRG), rates that were determined after extensive research into the cost of treatment for specific diagnoses. What the PPS system did Read More...

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Part 1: Sharing Financial Information with Staff
April 14, 2008 12:53 PM by Carol Kleinman

One of my pet issues relates to the level of knowledge of nurse managers and administrators about financial operations. I even believe strongly in the importance of beginning to educate staff nurses in the fiscal realities of health care operations! I Read More...

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