Budgeting · Waxman, K. (2022). Financial and business management for the doctor

Budgeting
· Waxman, K. (2022). Financial and business management for the doctor of nursing practice (3rd ed.). Springer Publishing LLC.
o Read Chapters 3 and 5
· Review the module lecture materials. (MO 1-4)
This week, we jump into budgeting and scheduling for daily staffing in acute care units and address the ambulatory environment. Based on feedback in the discussion, I want to assure understanding of an FTE, units of service (HPPD), touch a bit on supply and demand, the essential Key Performance Indicators for Financial Management.
Download the PowerPoint presentations below and use them to take notes on the assigned readings in the Waxman and Knighten 3rd Ed text for Chapters 3 & 5 (ATTACHED).
Download Chapter 3_Nurse Practitioner and Nurse Leader Strategies for Practice .pptx (ATTACHED).
Chapter 5_ Budgeting in Acute Care Settings.pptx (ATTACHED).
Discussion on Hospital Readmission and Hospital-Acquired Conditions – The Financial Impact
For this discussion you will need to review the Centers for Medicare and Medicaid information on the Hospital Readmissions Reduction Program (HRRP). Below:
https://www.cms.gov/Medicare/Medicare-Fee-for-Service-Payment/AcuteInpatientPPS/Readmissions-Reduction-Program
You will also need to navigate to the Kaiser Family Foundation Penalty Tracker site.
While at this site, look up your organization: https://khn.org/news/hospital-penalties/
If you are not working for a hospital, look up your nearby hospital.
Report on the following: In 600 WORDS
· Click on the Readmission tab. Examine the readmission rate trend from 2020 to the present. What does this data convey about the organization’s ability to reduce readmission rates?
· Click on the Hospital-Acquired Conditions tab. Has the organization been penalized for hospital-acquired conditions from 2020 to the present? What type of costs do you perceive that the organization might incur related to the hospital-acquired conditions (HACs) shown on the KFF site?
· What impact might the penalties associated with HACs have on the organization?