What are the Key Components of Financial Data in Nursing?
Several key components make up financial data in nursing: - Revenue: Income generated from services provided, including patient care, consultations, and other nursing services. - Expenses: Costs incurred in delivering nursing care, such as salaries, medical supplies, and administrative costs. - Budget: A financial plan that outlines expected revenues and expenditures over a specific period. - Financial Statements: Documents like income statements, balance sheets, and cash flow statements that provide a snapshot of the financial health of a healthcare facility.
