Financial Management for Nurse Managers and Executives / Edition 5

by Cheryl Jones RN, PhD, Steven A. Finkler PhD, CPA, Christine T. Kovner PhD, RN, FAAN, Jason Mose

Overview

Learn how financial management fits into the healthcare organization. Financial Management for Nurse Managers and Executives, 5^th Edition covers the latest accounting and financial management practices distinctly from the nurse manager’s point of view. Topics include how financial management fits into the health care organization, financial accounting, cost analysis, planning and control management of the organization’s financial resources, various management tools, and the future of financial management with respect to healthcare reform and international accounting standards. This new edition includes updated information on the Affordable Care Act, Accountable Care Organizations, Value Based Payment, and Team and Population Based Care.

• Nursing-focused content thoroughly describes healthcare finance and accounting from the nurse manager’s point of view.
• Numerous worksheets and tables including healthcare spreadsheets, budgets, and calculations provide you with specific examples of how to apply financial management principles to nursing practice.

• NEW! Information about the Affordable Care Act details how changes and developments affects coverage for millions of Americans.
• NEW! Value-Based Payment reimbursement information details what nurse executives need to know in order to use this new system
• NEW! Coverage of Accountable Care Organizations provides current information on one of the emerging forms of managed care and how it works within the financial system of healthcare.
• NEW! Team-and Population-Based care information covers how to work with healthcare professionals outside of nursing.

Product Details

ISBN-13:	9780323415163
Publisher:	Elsevier Health Sciences
Publication date:	02/20/2018
Edition description:	New Edition
Pages:	432
Product dimensions:	8.40(w) x 10.80(h) x 0.60(d)

About the Author

Table of Contents

1. Introduction and Overview
PART I: A FINANCIAL MANAGEMENT FRAMEWORK
2. The Health Care Environment
3.  Paying Health Care Providers (NEW)
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
PART IV: PLANNING AND CONTROL
10. Strategic Management
11. Budgeting Concepts
12. Operating Budgets
13. Revenue Budgeting
14. Performance Budgeting
15. Controlling Operating Results
16. Variance Analysis: Examples, Extensions, and Caveats
17. Benchmarking, Productivity, and Cost-Benefit and Cost-Effectiveness Analysis
PART V: MANAGING FINANCIAL RESOURCES
18. Short-Term Financial Resources
19. Long-Term Financial Resources
PART VI: LOOKING TO THE FUTURE
20. Forecasting
21. The Nurse as Entrepreneur
22. Nursing and Financial Management: Current Issues and Future Directions

What People are Saying About This

From the Publisher

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Editorial Reviews

4 Stars! from Doody

This second edition of a book on financial manangement for nurse managers is an update, expansion, and revision of the 1993 edition to account for managed care, settings beyond acute care, computerization, and the nurse entrepreneur. Giving the nurse the ability to manage better and work in a collegial fashion with financial executives are the ultimate goals of the authors. The aim is to provide a broad overview of financial management for the graduate student or a pertinent reference for the working practitioner. The book is developed sequentially, but each of the seven parts can be used alone. The Balanced Budget Act (BBA) and all of the ramifications for healthcare budgets makes the timing excellent for this global reference. The intended audience is the graduate student, nurse manager, and nurse executive, according to the authors. In my judgment, the book serves equally well as a text or reference. The principal author has over 100 publications to his credit and by education and practice represents current financial concepts and application. The co-author is an educator, author, and nurse. Their two perspectives blend to create a discussion of financial concepts with relevant examples from nursing practice. This book is structured from the global to the specific, which makes it easy for both the student and the practitioner to search to expand upon a financial concept. The addition of performance budgeting is timely and pertinent in the BBA economy. Each chapter has goals, key concepts, and except for Chapter 1, suggested readings. It is not an exhaustive reference, nor did the authors intend it to be. The suggested readings make additional study of a concept easy andreadily available. This second edition is not just new numbers, but a total reworking of an excellent book. Many of the changes are subtle, expansions on concepts that serve across the continuum of care. The examples reflect the change from inpatient to outpatient care settings and acute care to long-term care. The role changes of the nurse manager and nurse executive are also well illustrated. The chapter on performance budgeting alone would justify the purchase of the second edition in my mind. With the emphasis on cost justification in the current healthcare economy, no practitioner can afford to be without this valuable reference as we seek to practice collegially with the CFO in the healthcare environment.

Audrey L. Powell

Reviewer: Audrey L. Powell, MSN, RN (Emphraim McDowell Regional Medical Center)
Description: This second edition of a book on financial manangement for nurse managers is an update, expansion, and revision of the 1993 edition to account for managed care, settings beyond acute care, computerization, and the nurse entrepreneur.
Purpose: Giving the nurse the ability to manage better and work in a collegial fashion with financial executives are the ultimate goals of the authors. The aim is to provide a broad overview of financial management for the graduate student or a pertinent reference for the working practitioner. The book is developed sequentially, but each of the seven parts can be used alone. The Balanced Budget Act (BBA) and all of the ramifications for healthcare budgets makes the timing excellent for this global reference.
Audience: The intended audience is the graduate student, nurse manager, and nurse executive, according to the authors. In my judgment, the book serves equally well as a text or reference. The principal author has over 100 publications to his credit and by education and practice represents current financial concepts and application. The co-author is an educator, author, and nurse. Their two perspectives blend to create a discussion of financial concepts with relevant examples from nursing practice.
Features: This book is structured from the global to the specific, which makes it easy for both the student and the practitioner to search to expand upon a financial concept. The addition of performance budgeting is timely and pertinent in the BBA economy. Each chapter has goals, key concepts, and except for Chapter 1, suggested readings. It is not an exhaustive reference, nor did the authors intend it to be. The suggested readings make additional study of a concept easy and readily available.
Assessment: This second edition is not just new numbers, but a total reworking of an excellent book. Many of the changes are subtle, expansions on concepts that serve across the continuum of care. The examples reflect the change from inpatient to outpatient care settings and acute care to long-term care. The role changes of the nurse manager and nurse executive are also well illustrated. The chapter on performance budgeting alone would justify the purchase of the second edition in my mind. With the emphasis on cost justification in the current healthcare economy, no practitioner can afford to be without this valuable reference as we seek to practice collegially with the CFO in the healthcare environment.

Doody's Review Service