Financial Management for Nurse Managers and Executives

Description

Financial Management for Nurse Managers is a text designed for financial management courses in graduate level nursing programs and for practicing nurses or nurse entrepreneurs who are seeking a better understanding of financial management. It covers financial topics all nurse managers need to know and use in their roles as managers.

Table of Contents

Part I: A Financial Management Framework
1. Introduction and Overview
2. The Health Care Environment
3. The Role of Financial Management and Nurse Leadership in Health Care Organizations
4. Key Issues in Applied Economics
5. Quality, Costs, and Financing

Part II: Financial Accounting
6. Accounting Principles
7. Analysis of Financial Statement Information

Part III: Cost Analysis
8. Cost Management
9. Determining Health Care Costs and Prices
10. Costs and Other Issues Related to Recruiting and Retaining Staff

Part IV: Planning and Control
11. Strategic Management
12. Budgeting Concepts
13. Operating Budgets
14. Revenue Budgeting
15. Performance Budgeting
16. Controlling Operating Results
17. Variance Analysis: Examples, Extensions, and Caveats
18. Benchmarking, Productivity, and Cost-Benefit and Cost-Effectiveness Analysis

Part V: Managing Financial Resources
19. Short-Term Financial Resources
20. Long-Term Financial Resources

Part VI: Looking to the Future
21. Forecasting
22. The Nurse as Entrepreneur
23. Nursing and Financial Management: Current Issues and Future Directions

Glossary

New to this edition

• NEW! Major revision of chapter 2 (The Health Care Environment), with additions on healthcare reform, initiatives to stop paying for hospital or provider errors, hospice payment, and funding for nursing education; plus updates of health care expenditure and pay for performance; provide a strong start to this new edition.
• NEW! Major revision of chapter 5 (Quality, Costs, and Financing), with updates to quality-financing, Magnet organizations, and access to care, provides the most up-to-date information possible.
• NEW! Reorganization and expansion of content in chapter 15 (Performance Budgeting) with updated examples better illustrates how performance budgeting could be used in a pay-for-performance environment.
• NEW! Major revision of the variance analysis discussion in chapter 16 (Controlling Operating Results) offers a different approach for computation of variances that is easier to understand.
• NEW! Addition of comparative effectiveness research to chapter 18 (Benchmarking, Productivity, and Cost Benefit and Cost Effectiveness Analysis) covers a recently developed approach informs health-care decisions by providing evidence on the effectiveness of different treatment options.
• NEW! Addition of nursing intensity weights, another approach for costing nursing services, to chapter 9 (Determining Health Care Costs and Prices), lets you make decisions about what method works best for you.

Author Info

By Steven A. Finkler, PhD, CPA, Program in Health Policy and Management, Robert F. Wagner Graduate School of Public Service, New York University, New York, NY; Cheryl Jones, RN, PhD, University of North Carolina at Chapel Hill, School of Nursing, Chapel Hill, NC and Christine T. Kovner, PhD, RN, FAAN, Division of Nursing, School of Nursing, New York University, New York, NY