The nurse-manager may be directly involved in the fiscal pla…
The nurse-manager may be directly involved in the fiscal planning of three major types of budgets. Match the type of budget with the most accurate definition. The largest of the budget expenditures is the workforce or personnel budget because health care is labor-intensive. Next to personnel costs, supplies are typically the second most significant component in the hospital budget. Often, the designation of capital equipment requires that the value of the equipment exceed a certain dollar amount. That dollar amount will vary from institution to institution, but $5,000 is common. Managers are usually required to complete specific capital equipment request forms to justify their request.
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