What are the primary benchmarking approaches

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Reference no: EM133022872

Question - USING THE FOLLOWING TEXTBOOK ( Jones, C., Finkler, S. A., Kovner, C. T., & Mose, J. (2019). Financial management for nurse managers and executives 5th ed. ) AS THE PRIMARY REFERENCE, ANSWER THE FOLLOWING QUESTIONS:

Chapter 17: Benchmarking, Productivity, and Cost-Benefit and Cost-Effectiveness Analysis

1. What are the primary benchmarking approaches?

2. According to the text, what is the most common measure of productivity?

3. How can productivity be measured if an industry standard cannot be found?

4. Can productivity be assessed in absolute terms?

Chapter 19: Long-Term Financial Resources

1. Do for-profit health care organizations generally get all or almost all of their financing From the issuance of equity?

2. What is the reason for rating a bond or using bond insurance?

Chapter 20: Forecasting

1. What are the basic steps in forecasting?

2. Based on your experience, are most monthly fluctuations based on random events, seasonality, a trend, or some combination?

3. When no objective historical information is available, what approaches exist for forecasting?

Chapter 21: The Nurse as Entrepreneur

1. What are the legal issues that a nurse faces when developing a new business?

2. Developing a business plan requires understanding the "business." What does this mean?

3. Discuss the factors that should be included in a sensitivity analysis of a new home health agency.

Chapter 22: Nursing and Financial Management: Current Issues and Future Directions

1. Why must nurse managers and executives be knowledgeable of current issues in the field of financial management in nursing?

2. How can nursing research help the nurse manager or executive? Give three examples of specific areas of research that the nurse manager or executive can use.

3. Describe the role of evidence-based management (EBM) in the practice of nurse managers and executives.

Reference no: EM133022872

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