Financial Management for Nurse Managers and Executives, 3rd Edition
Steven A. Finkler, PhD, CPA, Cheryl Jones and Christine T. Kovner, PhD, RN, FAAN
Softcover, 671 pages
Size: 10.5" x 7.5"
W B Saunders
(click below for the best currently available price for this important resource)
This bestselling edition offers today's clearest presentation of the financial issues surrounding nursing and health care.
It helps readers understand the costs involved in the health care industry and how to manage those costs. Written by authorities in finance and nursing management, the text comprehensively covers a broad range of financial issues such as health care economics, strategic management, computers, and more! It also includes two new chapters: The Nurse as Entrepreneur and Performance Budgeting.
Covering 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 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.
"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 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 and readily available. This 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 this 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, MSN, RN (Emphraim McDowell Regional Medical Center)
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.
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