Within a Health Care Environment,where the Gap Between Revenues and Costs

question 11

Multiple Choice

Within a health care environment,where the gap between revenues and costs can mean the difference between sustainability and nonsustainability of an organization or services,it is critical for nurse managers to

• A) maintain a clear vision of how to trim health care costs.
• B) balance value-added services against costs and revenues.
• C) consistently delete programs that are of high cost.
• D) implement programs that bring in additional revenues.

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Definitions:

Oceanic Crust

The relatively thin part of the Earth's crust that underlies the ocean basins, composed mostly of basalt and gab-bro.

Feedback

Information provided regarding aspects of one's performance or understanding, which can be used as a basis for improvement.

Concurrent Control

The process of monitoring and adjusting ongoing activities and operations to ensure that goals are met efficiently and effectively.

Feedforward

A control mechanism designed to anticipate and prevent potential problems before they occur, rather than reacting to them afterward.