Zero-Based Operational FTE Budget Draft
Typically, healthcare organizations already have a budget
worksheet or spreadsheet for preparing the operational budget. The budget
worksheet or spreadsheet contains information identified with an account number
or a subcode depicting the cost center. This worksheet or spreadsheet is
generally provided when the nurse leader begins to work on the next operational
budget.
This week, you will begin preparing a zero-based operational
FTE budget based on the results of targeted HPPD and the previous year’s
average daily census (ADC). For this assignment, you will use the operating
worksheet or spreadsheet from the organization in which you are completing your
Practicum I experience. Then, you will create a zero-based FTE operational
budget for one year. The year may be a calendar year or fiscal year depending
on your practicum setting.
Week 7 Tasks
Begin this assignment by having a discussion with your
practicum preceptor. Make sure you complete the following based on your
discussion:
Select one nursing unit you will use for this assignment.
This can be your own nursing unit in your practicum setting.
Make sure you have access to the data required to complete
this assignment.
If the healthcare organization of your practicum setting
does not have or will not share its budget worksheet or spreadsheet, then you
should create your own worksheet or spreadsheet in a Microsoft Excel format.
Then, write a draft budget for the nursing unit (I work in a
hospital in Miami Florida). Your final version of the FTE budget, which is due
in Week 10, should include all of the components listed below.
Prepare a draft of a zero-based operational budget that
includes the following based on your selected nursing unit:
Operating expenses with subcodes
Description of subcodes
Prior-year expenses of subcodes
Original budget allocations for subcodes
Annualized expense for subcodes
Budget adjustments for subcodes
Approved budget for subcodes
Personnel costs for one nursing unit
Personnel Costs for One Nursing Unit—Components
The nursing personnel budget is based on the total number of
hours of care needed, which is determined by patient-acuity levels. Complete
the following budget calculations using the information given and add these to
the zero-based operational budget as a line item and subcode.
Patient-Acuity Levels
HPPD (Hours Per Patient Day)
1
4.0 hours
2
6.4 hours
3
10.5 hours
4
16.0 hours
The staffing formula is: (Average census x Nursing hours x
1.4 x 1.14) / 7.5
Assignment 2 Grading Criteria
Maximum Points
Prepared a draft of a zero-based operational budget that
includes the listed components based on your selected nursing unit.
15
Presented a structured document free of spelling and
grammatical errors.
5
Properly cited sources using APA format.
5
Total:
25
NOTE: You do not need anything from anywhere.
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