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Doody's Review ServiceReviewer: Cynthia Lee Cummings, RN, MSN, EdD (University of North Florida Brooks College of Health)
Description: This book describes healthcare budgeting and finance for nurse managers and covers in depth healthcare reimbursement, which is an area that is not normally well understood by nurse managers.
Purpose: The purpose is to describe healthcare budgets, finances, and reimbursement. This book is certainly needed in these difficult economic times.
Audience: It is written for nurse managers and others interested in healthcare budgeting and finance. The author notes that the book was informed by classes he took and taught as well as his experience managing in a variety of healthcare settings.
Features: The book covers many topics, such as healthcare reimbursement, the role of insurance companies, capitation, accountable care organizations, and varying budget models, including capital expenditures, variance analysis, and reports. It contains a helpful glossary of terms, many examples of budgets, and "key action" points that make excellent student assignments. It is not intended to address areas of management other than financial issues in its 117 pages.
Assessment: This is an excellent resource for nurse managers or students needing an understanding of financial management in healthcare. The book presents valuable information, reports, and action items, which are particularly pertinent in the current economic climate. It is unique in its singular focus on the financial aspects, which may be all that a nurse manager requires. New nurse managers needing a broader-based understanding may find books such as The Business of Nurse Management: A Toolkit for Success, Bateman (Springer Publishing, 2012), more appropriate.