What is a common financial management duty for an NHA?

Preparing and maintaining the facility’s budget is a fundamental financial management duty for a Nursing Home Administrator (NHA). This responsibility involves developing a comprehensive budget that outlines expected revenues and expenditures for the facility. The NHA must analyze historical financial data, understand regulatory requirements, and project future financial needs to ensure the facility operates within its means while providing high-quality care.

Effective budget management also includes monitoring financial performance throughout the year, making adjustments as needed to respond to changes in funding, expenses, or patient census. This role is essential for the sustainability of the facility and directly impacts its ability to deliver services and maintain compliance with state and federal regulations.

Other responsibilities related to employee evaluations, daily operations meetings, and patient care schedules are important for overall facility management but do not specifically fall under the financial management aspect as budgeting does.