1 Staffing Budgets/FTEs/Variance Analysis Luz Jordan Chamberlain University NR 533 Financial Management in Healthcare Organizations Dr. Hudson March 28,2021 This study source was downloaded by 100000829725281 from CourseHero.com on 12-15-2021 15:14:34 GMT -06:00 https://www.coursehero.com/file/96416962/NR-533-Week-4Staffing-Budgetsdocx/ 1 / 2
2 Staffing Budgets/FTEs/Variance Analysis Section One- Staffing Budget and FTEs 1.Background Information Sandra will need to gather information about her unit. What type of service it provides, acuity of patients, skill mix, number of beds, and the nurses standards of care that drive the nursing hours of care per patient day. Sandra must receive the previous years budget, productivity and FTEs. When looking at the next year Sandra should look at her staff and identify anyone who may be leaving due to finishing school, retirement, etc. This leaves will affect her FTEs. To begin calculating current FTE, Sandra must begin collecting statistically data such as daily average census (monthly and yearly), occupancy rate (total number of beds filled), average length of stay, how many hours the organization considers nonproductive time. Sandra must also know the annual nursing hours, annual payroll cost, annual benefits costs, and total annual costs. Having all the information Sandra will be able to calculate her current FTE and then projected FTE due to volume increase.
- ADC and Occupancy Rate
Occupancy Rate= {total patient days / (number of beds X number of days)} X 100 Rundio, A. (2016). The nurse manager’s guide to budgeting and finance. 2 nd . Ed.,
Indianapolis, IN: Sigma Theta Tau International
= 941 / (35x30) X100= 424 / (15X30) X100= 372 / (13X30) X100= 841 / (32X30) X100
= 941 / 1050X100= 424 / 450X100 = 372 / 390X100 = 841 / 960X100
= .89X100 = .94X100 = .95X100 = .877X100
= 89%= 94%= 95%= 88% This study source was downloaded by 100000829725281 from CourseHero.com on 12-15-2021 15:14:34 GMT -06:00 https://www.coursehero.com/file/96416962/NR-533-Week-4Staffing-Budgetsdocx/
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