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Staff members on your unit raise concern that there is rising acuity on the unit and lack of responsiveness in addressing these needs through appropriate staffing.They point to increased incidences of adverse and sentinel events on the unit.To address this concern,your hospital organization would do best to:
Least-squares Regression
A statistical method used to determine a line of best fit by minimizing the sum of the squares of the differences between observed and predicted values.
Mixed Cost
Costs that have both fixed and variable components and change in total with the level of activity, but not proportionately.
Machine-hour
A metric that quantifies the number of hours a machine is utilized to manufacture products during a specified timeframe.
High-low Method
An approach in managerial accounting that approximates variable and fixed costs by examining the maximum and minimum levels of activity.
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