Financial Healthcare

Week 3 Discussion Question: Cost of Nursing Care

Fiscally
responsible nurse managers realize that there is more to costing
nursing services than knowing the hourly wages and benefits of
employees. Direct and indirect costs, overhead costs, and capital
expenditures are just a few of the key elements in determining what it
costs to provide adequate patient care.

Respond to the following:

• Describe the various approaches in assessing the cost of nursing care.

• Examine the role of recruiting and retaining nurses in the cost of nursing care.

• Explain the impact of nursing turnover on nursing care costs.

• Examine whether the cost assessment methods used in your organization are effective. Give reasons for your answer.

APA please