Main 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

Contents:

Contributors

Preface

Acknowledgments

PART I: OVERVIEW OF ECONOMICS AND HEALTH CARE

Chapter 1. Economics of Health Care

Chapter 2. Health Reimbursement and Insurance

PART II: BUDGETS AND BUDGETING

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. Entrepreneurship, Contract Negotiation, and Practice Management

PART IV: OTHER IMPORTANT TOPICS FOR NURSES AND NURSE LEADERS

Chapter 11. Health Program Grant Writing

Chapter 12. Ethical Issues and Financial Issues in International Health Care Systems

Chapter 13. Health Policy Finance and Future Trends

Glossary

Index