Financial Management for Nurse Managers and ExecutivesCovering the financial topics all nurse managers need to know and use, this book explains how financial management fits into the healthcare organization. You'll study accounting principles, cost analysis, planning and control management of the organization's financial resources, and the use of management tools. In addition to current issues, this edition also addresses future directions in financial management. Chapter goals and an introduction begin each chapter. Each chapter ends with Implications For The Nurse Manager and Key Concepts, to reinforce understanding. Key Concepts include definitions of terms discussed in each chapter. A comprehensive glossary with all key terms is available on companion Evolve? website. Two chapter-ending appendixes offer additional samples to reinforce chapter content. Four NEW chapters are included: Quality, Costs and Financing; Revenue Budgeting; Variance Analysis: Examples, Extensions, and Caveats; and Benchmarking, Productivity, and Cost-Benefit and Cost-Effectiveness Analysis. The new Medicare prescription bill is covered, with its meaning for healthcare providers, managers, and executives. Coverage now includes the transition from the role of bedside or staff nurse to nurse manager and nurse executive. Updated information includes current nursing workforce issues and recurring nursing shortages. Updates focus on health financing and the use of computers in budgeting and finance. New practice problems are included. |
Contents
PART I | 1 |
The Role of Financial Management and Nurse | 35 |
Key Issues in Applied Economics | 56 |
Financial Accounting | 93 |
Analysis of Financial Statement | 109 |
PART III | 135 |
Determining Health Care Costs | 160 |
Costs and Other Issues Related to Recruiting | 193 |
Controlling Operating Results | 306 |
Examples Extensions | 328 |
Benchmarking Productivity and CostBenefit | 340 |
PART V | 357 |
LongTerm Financial Resources | 372 |
PART VI | 387 |
Forecasting and Other Methods for Decision | 402 |
Marketing | 433 |
Common terms and phrases
accounting activities actual additional agency allocation allow alternative amount analysis approach assets average balance become benefits bond budget calculated capital cash Chapter charge clinical considered consumers costs decisions determine develop direct discussed employees estimate example expected expenses financial financial management financing first fixed forecast future goals health care organizations hospital important improve increase individuals interest investment issues less measure ment method month needed Note Nurs nurse managers operating organiza organization’s paid patient days payment performance period position possible practice prepared problem profit quantity ratio receive referred responsibility result revenue role shift specific staff staffing statements strategic supplies Table tion understand unit variable variance visits volume