Question

How does pay for performance (P4P) or value-based purchasing (VBP) affect staffing?

As the nurse manager of the new 15-bed observation unit you are responsible for reporting to your nursing director and the finance department any variances identified within your operating budget. Listed below is your monthly operating report. Please review and discuss the specific variances and how you will determine the causes of variances.

	Actual	Budget	Variance
Volume/Census	360	420
Supplies	$8,550	$7,800
Nursing Labor	$58,450	$52,575

Answer 1

above given Question by the following According to the solution as - Censces - Variance = 360-420 = 60 (unfarrerable m come) = Seepplies :- Varience = 7,800 -8,550 = -750 ( centavorable expendirere) Nursing laborer i - Varience = 59,575-58,450 = -5875 (cenfavorable expenditere) In Census & Sepplies and Nursing laborer, spenling mor ikan Budgeted is evident . So the Darience are entworerable. Cause of Variences :- - Changes in censer o not upto expectation - Cost of supphes might be higher by the - intoo duction of new technologies. y more sepplies might have used than bedgeted - Changes in policies of the Unêt to use more Supplier than before - Neersing salary hike (or) ncrement might CS Scanned with have lead 40 en favorable Darience! CamScanner