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Evaluating cost center productivity.

L DiJerome1, J Dunham-Taylor, D Ash

  • 1Process Pro Consultants, Akron, OH, USA.

Nursing Economic$
|March 11, 2000
PubMed
Summary
This summary is machine-generated.

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Nurse managers can use computerized spreadsheets to track budget performance in ambulatory care departments. This tool aids in understanding financial data, improving decision-making, and preventing budget crises through early issue identification.

Area of Science:

  • Healthcare Management
  • Health Informatics
  • Financial Management

Background:

  • Budget management in ambulatory care departments presents challenges for nurse managers.
  • Accurate tracking and communication of financial data are crucial for operational efficiency.

Purpose of the Study:

  • To develop and apply a computerized spreadsheet system for monthly and yearly productivity summaries.
  • To assist nurse managers in understanding and communicating budget issues effectively.

Main Methods:

  • Utilizing commercially available spreadsheet software (e.g., Excel, Lotus, Quattro Pro).
  • Manual data entry or data import from financial mainframe systems.
  • Regular measurement of patient acuity and resources compared with quality monitors.

Related Experiment Videos

Main Results:

  • The spreadsheet system enables quicker and more accurate tracking and summarization of monthly budget reports.
  • Facilitates informed decision-making by identifying budget trouble spots early.
  • Supports proactive corrective actions, avoiding crisis management.

Conclusions:

  • Computerized spreadsheets are valuable tools for enhancing financial oversight in ambulatory care.
  • This approach improves budget communication and supports evidence-based management decisions.
  • Consistent application leads to sustained quality standards and financial stability.