Numerous worksheets and tables including healthcare spreadsheets, budgets, and calculations illustrate numerous financial and accounting methods.
Chapter opener featuresinclude learning objectives and an overview of chapter content to help you organize and summarize your notes.
Key conceptsdefinitions found at the end of each chapter help summarize your understanding of chapter content. Suggested Readings found at the end of each chapter give additional reading and research opportunities. NEW! Major revision of chapter 2 (The Health Care Environment), with additions on healthcare reform, initiatives to stop paying for hospital or provider errors, hospice payment, and funding for nursing education; plus updates of health care expenditure and pay for performance; provide a strong start to this new edition.
NEW! Major revision of chapter 5 (Quality, Costs, and Financing), with updates to quality-financing, Magnet organizations, and access to care, provides the most up-to-date information possible.
NEW! Reorganization and expansion of content in chapter 15 (Performance Budgeting) with updated examples better illustrates how performance budgeting could be used in a pay-for-performance environment.
NEW! Major revision of the variance analysis discussion in chapter 16 (Controlling Operating Results) offers a different approach for computation of variances that is easier to understand.
NEW! Addition of comparative effectiveness research to chapter 18 (Benchmarking, Productivity, and Cost Benefit and Cost Effectiveness Analysis) covers a recently developed approach informs health-care decisions by providing evidence on the effectiveness of different treatment options. NEW! Addition of nursing intensity weights, another approach for costing nursing services, to chapter 9 (Determining Health Care Costs and Prices), lets you make decisions about what method works best for you.
"This is an excellent book for an undergraduate nursing program."--Doody's Medical Reviews
This is a key health care financial management textbook designed to build the economics and financial management skills nurses and nurse leaders need to use daily. This second edition provides several new features that will add to its value as a timely and highly relevant text for RN-to-BSN, BSN, and MSN students in a variety of academic nursing programs. It is aligned with the standards established by AONE, AACN, and other health care professional organizations for economics and financial management education. The text has been significantly revised to simplify its content and to be useful within both traditional in-class formats and hybrid and on-line distance courses and programs.
The book provides multiple opportunities for experiential learning such as writing business plans and health program grant proposals. It delivers enhanced discussions of cost-benefit analysis and cost-effectiveness analysis, discusses budget preparation, offers strategies for controlling budget costs, and updates health reform policy, health care spending, and other relevant policies and statistics. The text discusses patient advocacy and interdisciplinary teamwork as they relate to economic and financial issues. Its engaging format promotes the synthesis of economics and finance across the nursing curriculum through the use of case examples, end-of-chapter exercises, discussion questions, and games based on concepts within the text. Additionally, tips throughout the book alert students about the need to apply concepts from other aspects of their education to economic and financial situations. The text also includes on-line supplemental material for teachers and students including Excel spreadsheets, games, a test bank, and PowerPoint slides.Key Features:
Aligned with AACN and AONE guidelinesServes as a primary financial management text for a great variety of nursing academic programsFacilitates experiential learning through end-of-chapter exercises, games, tips for synthesizing knowledge, and case examplesDesigned for use in traditional classrooms and for hybrid and on-line distance programsPresents new chapter on measuring nursing care with indicators for capacity, staffing, patient acuity, performance, and patient flow
ìFinally, a definitive financial management book geared to nursing professionals who need to know health care finance in non-CPA terms. Dr. Waxman has organized excellent authors who are knowledgeable about their topic and address the issues using real-life examples that make sense to nursing professionalsÖI am thrilled to see [that] Dr. Waxman has used her knowledge and skills in producing a book that has been on my to-do list for years.î
-Roxanne Spitzer, PhD, MBA, RN, FAAN
Editor in Chief, Nurse Leader
Now more than ever, nurse leaders must be proficient in understanding the financial aspects of health care. This unique text, designed specifically for the DNP course in health care economics and finance, is the only book to embed economic and financial concepts in the context of nursing practice and nursing care systems. It offers a practical approach to business, finance, economics, and health policy that is designed to foster sound business and leadership skills within our complex health care systemóskills that will enable the DNP graduate to improve the quality of health care delivery while reducing costs and improving outcomes.Key Topics Covered:
Economics of health care ï Insurance coverage ï Reimbursement ï Policy ï Budgeting ïStrategic planning ï Quality ï Data analysis ï Ethics ï Entrepreneurship ï Marketing ï Business plan development ï Project management ï Grant writing ï Teaching financial management ï Global healthKey Features:
Offers multiple real-life examples Examines the economic and financial implications of evidence-based practice and quality improvement by focusing on ambulatory and acute care clinical research and quality initiativesEnables students to understand the cost of care as it relates to the quality of care and ethics Includes special section on finance for independent practitioners Incorporates critical thinking questions for students at different levels Addresses the required competencies designated in the AACN Essentials of Doctoral Education for Advanced Nursing Practice, as well as those set forth by the AONE
Leadership and Management Behavior boxes in each chapter highlight the performance and conduct expected of nurse leaders, managers, and executives.
Leading and Managing Defined boxes in each chapter list key terminology related to leadership and management, and their definitions.
Case Studies at the end of each chapter present real-world leadership and management situations and illustrate how key chapter concepts can be applied to actual practice. Critical Thinking Questions at the end of each chapter present clinical situations followed by critical thinking questions that allow you to reflect on chapter content, critically analyze the information, and apply it to the situation.A new Patient Acuity chapter uses evidence-based tools to discuss how patient acuity measurement can be done in ways that are specific to nursing.
A reader-friendly format breaks key content into easy-to-scan bulleted lists.
Chapters are divided according to the AONE competencies for nurse leaders, managers, and executives.
Practical Tips boxes highlight useful strategies for applying leadership and management skills to practice.
"Smoothly written and effectively blending hard facts and personal observations, the book is peppered with inspiring success stories about "what works" in terms of improving morale and the quality of nursing practice."
Sean Clarke, RN, PhD, CRNP
University of Pennsylvania School of Nursing
"[Fabre's] not afraid to tackle the tough issuesÖ.Implementing Smart Nursing concepts will result in energy enhancing experiences for your nurses and better care for your patients."
--Susan Keane Baker, MHA
Author, Managing Patient Expectations
Too many health care organizations are using short-term fixes to patient health care delivery problems. Patients, however, require long-term solutions that treat the whole person, not just their particular ailment. What the profession needs is Smart Nursing.
Smart Nursing provides practical guidance on patient care that every nurse, manager, and health care facility can use to restore patient safety, generate revenue, reduce nurse turnover, and stimulate realistic health care solutions.
In this new edition, Fabre presents the recently updated Smart Nursing model. This practical model uses seven basic elements to deliver improved results, improved patient care, and increased employee job satisfaction. These simple yet critical building blocks- caring, respect, simplicity, flexibility, integrity, communication, and professional culture-allow nurses to create a positive work environment, and provide holistic care to patients.
Provides practical, cost-effective solutions to business and management problems, such as strategies for improved staffing and retentionIncludes guidance on leadership and mentoring, building high-performance teams, and accelerating professional development Presents strategies and recommendations for developing strong relationships with staff for increased communication and efficiency