Assignment: Zero-Based Operational FTE

Assignment 2:
Zero-Based Operational FTE Budget Draft

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

The purpose of this assignment is to assess your progress on
the final zero-based operational FTE budget due in Week 10 This assignment
provides you the opportunity to self-assess and determine any issues or
challenges that need to be resolved prior to completing and submitting the
final assignment

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 Your final
version of the FTE budget, which is due in Week 10, should include all of the
components listed below However, for this week, your instructor will assign
the components that need to be completed

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

40 hours

2

64 hours

3

105 hours

4

160 hours

The staffing formula is: (Average census x Nursing hours x
14 x 114) / 75

Use APA style and formatting for your assignment Make sure
to include a title and a reference section for the assignment

Submit your budget in a Microsoft Excel worksheet to the W7:
Assignment 2 Dropbox by Tuesday, October 17, 2017 Name your document
SU_NSG6620_W7_A2_LastName_FirstInitialxls

 

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