Nurse Executive Certification Exam

Nurse Executive Certification Exam

Nurse Executive Certification Exam 2026
Acuity ✔- The measure of the severity of a patient's illness or condition, often used to determine the
level of care required.
Assets ✔- The financial resources, including cash, investments, and property, that an organization
possesses or receives.
Average Length of Stay (ALOS) ✔- The average duration that patients spend in a healthcare facility,
such as a hospital, before being discharged.
ADC (Average Daily Census) ✔- The average number of patients on an in-patient unit at a certain point
in time for a set period of time (week, month, year) almost always collected at midnight.
Bad Debt ✔- Losses due to uninsured or not collected
Break-even ✔- The point at which cost is covered by revenue. This concept is often used during
decision making process for equipment purchasing and program development.
Capital Budget ✔- Long range planning tool for organizations; also refers to items that cost over a
certain amount of money $500, $1000, $5000
Capitation ✔- Payment arrangement where providers are paid a pre-arranged amount for each
person/member asssigned to them over a certain period of time often whether they use it or not.
Charitable Care ✔- Healthcare provided for free or at reduced prices to low income patients
CMI ✔- Case Mix Index (CMI) is the average relative DRG weight of a hospital's inpatient discharges,
calculated by summing the Medicare Severity-Diagnosis Related Group (MS-DRG) weight for each
discharge and dividing the total by the number of discharges.