Zero-Based Operational FTE Budget Draft

Zero-Based
Operational FTE Budget Draft

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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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