In order for nurses to demonstrate their value, they must attempt to quantify this value in pecuniary terms. How would the nurse interpret this statement?
1. Nurses must become more cost-effective in the provision of care.
2. Nurses must justify their salaries.
3. Nurse must determine the monetary value of their services.
4. Nurses must explain their worth in terms laymen can understand.
Question 2
The nurse executive of a healthcare organization is working with the chief financial officer to develop a method of charging for nursing services. Why is this undertaking difficult?
1. The historical method of recouping the cost of nursing salaries has been to bundle those costs in with ancillary services salaries.
2. The actual cost of providing nursing services is difficult to determine.
3. The number of patients on a given unit varies from day to day.
4. Nurses do not like to think about charging for their services.
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