Fiscal years encompass this period of time
6 months
12 months
18 months
24 months
Costs for labor are addressed in a
Personnel Budget
Program Budget
Capital Budget
Operations Budget
All the following are potentially included in the compensation or personnel budget except
Regular salaries or wages
On call (or callback) pay and other fringe benefits such as paid time off
Supplies
Shift Differentials
Labor costs represent
A huge portion of any CS departments budget
A very small part of the CS departments overall budget
Less cost than loaner instrument and implants
Less cost than they did 5 years ago
This budget is used to plan for the purchase of expensive items, for example a new sterilizer or automated washer.
Operational Budget
Equipment Budget
Expense Budget
Every healthcare facility has a unique budgeting system
True
False
A department that generates revenues within a facility is called a
Profit Center
Cost Center
Profit Sub-account
Cost Sub-account
A supply budget may be large or small depending on
The scope of services that the department provides
The ability of the purchasing department to get low contracts
The requirements of the group purchasing organization the facility uses
The rate of inventory turns
Labor costs will increase if staff schedules are not in sync with the workload
Capital budgets include expenditures for all except
Fixed assets
Implants
Facilities
Equipment
