Answer these questions Costs & Prices / Recruiting & Retaining Staff COLLAPSE 1. What is an example of cost information that is adequate for reporting purposes but perhaps inadequate for managers and executives? Use different examples than those provided in the chapter. 2. Why don’t health care organizations use the most accurate costing techniques available? 3. What is wrong with allocating costs such as nursing on a per diem basis? 4. What are the total financial requirements of a health care organization? 5. What are the minimum data that a nurse manager would need about a nursing unit for which he or she is responsible? 6. As the manager, you can now determine the staff mix. What data do you need to decide on the appropriate staff mix? 7. What is the Medicare step-down approach? 8. Describe the four approaches to allocating a revenue center’s costs to units of service. 9. What costs should be included in determining the costs of nursing care? 10. What is product-line costing? 11. What are the factors associated with the retention of professional nursing staff? 12. How does a nurse manager determine the cost of turnover?
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