Labour Budget vs Actual: Flexing for Volume and Splitting the Variance
This lesson is part of the course
In this lesson
You flex Ward 6's nursing budget to the actual patient days and split each month's overspend into a volume, an hours (efficiency) and a rate variance, then chart the static budget against the actual cost.
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Lessons in this course
- Midnight Census, Occupancy & Staffing to the 80th Percentile Locked
- Patient Workload Levels: Care Hours, a Workload Index & Staff per Shift Locked
- Hours per Patient Day: Actual vs Target, Earned Hours & the Variance in FTEs Locked
- From Hours to FTEs: Non-Productive Time, Replacement Factor & Fixed Posts Locked
- A Census-Based Staffing Grid with Minimums and a Lookup Locked
- Roster Check: RN Gaps, Skill Mix & a Shift Leader on Every Night Locked
- Filling Gaps: Overtime, Bank or Agency – Cost per Hour and a Fill Order Locked
- Labour Budget vs Actual: Flexing for Volume and Splitting the Variance Locked