Penner’s Economics And Financial Management For Nurses And Nurse Leaders

Edited by Knighten, Mary Lynne, DNP, RN, NEA-BC; Edited by Waxman, KT, DNP, MBA, RN, CNL, CENP, CHSE, FSSH, FAAN, FAONL
Short description/annotation:
Focuses on the fundamental economic and financial management skills nurses and nurse leaders need to be successful in daily practice and career advancement. This updated fourth edition includes new and revised case studies reflecting current trends and increased coverage of budget strategies, forecasting, and the financial impact of COVID-19.
Description:
Holds a proven track record of success in teaching healthcare business basics to nurses This acclaimed text helps to build the fundamental economic and financial management skills nurses and nurse leaders need to be successful in daily practice and career advancement. The updated fourth edition includes new and revised case studies reflecting current trends and increased coverage of budget strategies, forecasting, and the financial impact of COVID-19. It is rewritten to provide greater clarity for readers unfamiliar with budgets and features a new two-color design to enhance readability. Additionally, the text reflects current AACN Essentials: Core Competencies for Professional Nursing Education and updated sample business plans, grant proposals, and other essential reports along with providing augmented Instructor Resources. The book--written by nurses for nurses--is designed to help readers understand the impact of healthcare economics and finance in their day-to-day clinical and leadership work. While it covers advanced practice topics and responsibilities, the text’s readability and foundational content make it useful for nurses at all levels. It also delivers content essential for nurse entrepreneurs and other nurse leaders with its explanations of how national and global economics affect the health care industry, and how health insurance strategies affect consumer access and outcomes. The text provides multiple opportunities for experiential learning, such a writing business plans and grant proposals and engaging in discussions. It delivers cost-benefit and cost-effectiveness analyses, discusses budget preparation, offers strategies for controlling budget costs, and updates relevant health policies and statistics. Abundant Instructor Resources feature chapter-based Excel workbooks and PowerPoints, a test bank, and crossword puzzles with answers. Purchase includes digital access for use on most mobile devices or computers. New to the Fourth Edition: New and revised cases reflect current trends Increased coverage of budget strategies, forecasting, and the financial impact of COVID-19 and legislative changes Streamlined approach simplifies content for readers new to budgets New and updated definitions New and revised/updated chapters Two-color design enhances readability Reflect current AACN Essentials Enhances popular Instructor Resources Updates sample business plans, grant proposals, and other essential reports Key Features: Equally useful for RN-BSN, MSN, and DNP, programs Aligned with AACN and AONL guidelines and certification and competency standards Facilitates experiential learning with end-of-chapter exercises, tips for synthesizing knowledge, worksheets, and case examples Effective in traditional, hybrid, and online learning environments
Table of contents:
Contributors Preface Acknowledgments PART I: OVERVIEW OF ECONOMICS AND HEALTH CARE Chapter 1. Economics of Health Care Chapter 2. Healthcare Reimbursement and Insurance PART II: FINANCIAL MANAGEMENT Chapter 3. Quantifying Nursing Care, Staffing, and Productivity Chapter 4. Budget Planning Chapter 5. Reporting and Managing Budgets Chapter 6. Special Purpose, Capital, and Other Budgets PART III: FINANCIAL ANALYSIS AND MAKING A BUSINESS CASE Chapter 7. Cost-Benefit Analysis Chapter 8. Assessing Financial Health Chapter 9. Building a Business Case Chapter 10. Entrepren