NUR 754 Finance and Budgeting
Focus is on the basic principles associated with program, project and service-line fiscal management, price setting, budget preparation, cost-benefit/break-even analysis, managed-care contracting, and interpreting financial ratios. A financial vocabulary is developed to communicate with stakeholders. Financial reports including balance sheets, budget forms and expense reports are studied and formulated related to government agencies, small clinical operations, grant-funded projects, and start-up programs. Assessment and evaluation of profitable growth, market share expansion and patient and customer experiences (HCAHPS). Staffing models and the staffing-quality equation(s) are analyzed for projecting human resource (FTE) requirements. Assessment and monitoring of National Quality Standards of HEDIS, NQF and payer quality programs.