Building Financial Acumen: Measurements of Success: Revenue and Expense Management – Workshop
April 21 @ 12:00 pm - 2:00 pm EDT
$199.00
Course 3: Measurements of Success: Revenue and Expense Management
Empowering Leaders for Transformational Change
- CEs: 2
- Duration: ~2 hrs
A clear understanding of financial indicators enables nurse leaders to guide their departments with confidence. This course provides an overview of key revenue and expense metrics and teaches participants how to develop capital purchase justifications. Leaders will also explore budget variance analysis and learn how to take corrective action to remain within financial targets.
Objectives:
- Explain the measurements used to describe the financial health of an organization
- Identify the components needed to create a capital purchase justification and where to find the information
- Analyze causes for variation in budgeted versus actual spending
- Develop actions to keep spending within budgeted predictions
