Budgeting Concepts for Nurse Managers

Paperback, 520 pp
ISBN 1416033416
978-1416033417
Elsevier Science / Saunders
September 2007
(click below for the best currently available price for this important resource)

This important book is well written and understandable, even to people who don't have an accounting background. The content is well organized, thorough and accurate.

This book is an excellent resource for head nurses, nursing directors and nurse executives. Nurses in management will want to keep this book at their desks for frequent reference. Are you a nurse executive charged with delegating budget preparations to your unit managers? You may also wish to purchase copies of this book for each nursing manager. This book helps readers:

refine budgeting skills
develop and maintain departmental budgets, and
work successfully with financial staff and management.

It includes several new chapters on productivity and benchmarking analysis. An in-depth guide to preparing accurate nursing budgets, this book will help you improve your financial skills and contribute to your organization's strategic planning.

It discusses the different types of budgeting, the budgeting process, forecasting, variance analysis, and costing out nursing services.
A variety of settings are included: hospitals, long-term care, home health, community health, managed care, and others.

With this guide, you'll learn how to communicate effectively with financial managers, succeed in your role in the budgeting process, and assist in the delivery of high-quality patient care at the lowest possible cost.

Each chapter includes Learning Objectives to focus your study and a Summary and Implications for Nurse Managers to reinforce what you've learned.
Additional Suggested Readings provides helpful resources for further research and study.
An appendix includes numerous sample budget forms and instructions, allowing you to see firsthand the various types of budgeting forms used in day-to-day practice.
New "Budgeting for Information Systems" chapter describes how to budget for information technology (IT), what kind of personnel you should consider hiring to support the nursing IT function, and how to evaluate IT products.
New "Budgeting for the Operating Room" chapter covers key stakeholders in the budget development process, developing the prioritization process, and specialized aspects of the operating room budget.
A discussion of magnet hospitals has been added, including the cost implications of applying for "magnet" status.
Coverage now includes different delivery care models and their potential budgetary impact to a health care organization, along with Clinical Ladders and the budgetary implications of nurses "testing-up" the ladder.
Budgeting for clinics and same-day surgery facilities is described.
Updated and expanded content discusses budget variance analysis and interpretation of budget reports that differ from the planned budget.
Includes the budget implications of outsourcing, and how to determine whether outsourcing is cost-effective for a particular service

Steven Finkler, PhD, CPA, is Professor of Public and Health Administration, Accounting, and Financial Management at New York University's Robert F. Wagner Graduate School of Public Service. At NYU he is the Director of the Specialization in Public Finance and Financial Management. An award winning teacher, Dr. Finkler is currently engaged in a variety of research topics in the areas of health care economics and accounting. He is the 2002 recipient of the American Association of Critical-Care Nurses' Pioneering Spirit Award. He has also published over 200 articles in many journals including, Hospitals and Health Services Administration, Healthcare Financial Management, Health Care Management Review, The New England Journal of Medicine, Annals of Internal Medicine, Academic Medicine, Nursing Economics, Journal of Nursing Administration, and Health Services Research. Steven Finkler is one of the most prestigious authors in the field of finance, financial management and budgeting for non-accountant managers in health care.

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