Financial management for nurse managers and executives / Steven A. Finkler and Christine T. Kovner.

Previous ed.: 1993.

Includes bibliographical references and index.

Part 1. A Financial management framework:-1. Introduction and overview--Introduction--A financial management framework--Financial accounting--Cost analysis--Planning and control--Managing financial resources--Additional management tools--Nursing and financial management: current issues and future directions--2. The health care environment--The key participants in the health system--Financing the health care system--Paying health care providers--Methods used to control payments for care--Implications for nurse managers--Key concepts-- Suggested readings--3. The role of financial management within the health care organization:-The role of management--The hierarchy of health are organizations--The role of the CFO and other Financial managers--The role of the CNE in financial management--The role of mid-level nurse managers in financial management--Interactions between fiscal and nurse managers--Responsibility accounting--Incentives and motivation--Power and politics--Networking--Implications for nurse managers--Key concepts--4. Key issues in applied economics:- Chapter goals--Introduction--Fundamental concepts of economics--Supply and demand--Elasticity of demand--Economies of scale--Economics and incentives--Market efficiency--Redistribution of resources--Market failure--The market for nurses--Implications for nurse managers--Key concepts--Suggested readings--Part 11: Financial accounting:- 5. Accounting principles--Introduction--The basic framework of accounting--The central financial statements--Accounting terminology--The recording and reporting process--Generally accepted accounting principles--Fund accounting--Implications for nurse managers--Key concepts--~Suggested readings--6. Analysis of financial statement information--Chapter goals--Introduction--The independent audit--Balance sheets and operating statements--The statement of cash flows--Statement of changes in net assets or equity--Notes to financial statements--Ratio analysis--Management reports--Implications for nurse managers--Key concepts--Suggested readings--Part 111: Cost analysis:- 7. Cost management--Chapter goals--Introduction-- ~Basic cost concepts--Cost estimation techniques--Break-even analysis--Implications for nurse managers--Key concepts--Suggested readings--8. Determining health care costs and prices:- Chapter goals--Introduction-- Costs for reporting vs costs for management control--Traditional cost-finding methods--Costing out nursing services--Specific approach to costing nursing services--Limitations of the RVU approach--Measuring productivity--Product-line costing--Activity-based costing--Setting prices--Financial reimbursement for nursing services--Implications for nurse managers--Key concepts--Suggested readings--9. Costs and other issues related to recruiting and retaining staff:- Chapter goals--Introduction--Retaining staff--Recruiting staff--Use of alternative health care employees- The use of computers--Implications for nurse managers--Key concepts--Suggested readings--Part IV: Planning and control:- 10. Strategic management--Chapter goals--Introduction--Total quality management---Strategic planning--Long-range planning--Program budgeting and zero-base budgeting--Business plans--Implications for Nurse managers--Key concepts--Suggested readings--11. Budgeting concepts:- Chapter goals--Introduction--Types of budgets--The budget process--Implications for nurse managers--Key concepts--Suggested readings--Appendis: Time value of money--12. Operating budgets--Chapter goals--Introduction--Workload budget--Expense budget; personnel service--Expense budget: Other-than-personnel services--Revenue budget--Budget submission, negotiation and approval--Implementing the approved budget--Implications for nurse managers--Key concepts--Suggested readings--13. Controlling operating results--Chapter goals--Introduction--The budget as tool for motivation--motivation and incentives--motivation and unrealistic expectations--Communication and control--Using budgets for interimevaluation--Variance analysis--Traditional variance qanalysis--Flexible budget variance analysis--The mechanics of flexible budget variance analysis--Determination of the causes of variance--Aggregation problems--Exception reporting--Revenue variances--Implications for nurse managers--Key concepts--Suggested readings--Appendix: Variance analysis Part 1.--14. Performance budgeting:-Chapter goals--Introduction--When is performance budgeting appropriate?--The performance budgeting technique--Performance budget example--Developing performance area measures--Multiple measures--Implications for nurse managers--Key oncepts--Suggested readings--Part V:- Managing financial resources--15. Short-term financial resources--Chapter goals--Introduction--Current assets--Current liabilities--Implications for nurse managers--Key concepts--Suggested readings--16. Long-term financial resources--Chapter goals--introduction-- Equity sources of financing--Debt sources of financing Feasability studies--The future of health care financing--Implications for nurse managers--Suggested readings--Part IV: Additional management tools--17. The use of computers in financial management--Chapter goals--Introduction--Computer hardware and software--Uses of computers--The future--Implications for nurse managers--Key concepts--Suggested readings--Appendix: Variance analysis, Part 11--18. Forecasting and other methods for decision making--Chapter goals--Introduction--Probability theory: Foundation for forecasting and decision making--Quantitative methods for forecasting--Qualitative methods for forecasting--Other decision-making tools--Planning and tracking a project--Implications for nurse managers--Key concepts--Suggested readings--19. Marketing:- Chapter goals--Introduction--The essence of marketing: assessing customer needs--Understanding customers--Why is marketing important for nurse managers?--Marketing concepts--Marketing plans--Marketing failures--The role of marketing in nurse recruitment--20. The Nurse as entrepreneur--Characteristics of nurse entrepreneurs--Opportunities for nurse entrepreneurs--Legal and financial issues--Business plan--Examples of entrepreneurs--Part VII:-21. Nursing and financial management: Current issues and future directions--Nursing financial management research---Current issues in financial management in nursing--The development role of the chief nurse executive in financial management--Setting organizational policy--Future role of the midlevel nurse manager in financial management--The nurse as a policymaker for financing health care.

This resource examines the broad scope of financial management issues of interest to nurse managers, nurse executives and nurse entrepreneurs. It includes managed care and home health care as well as performance budgeting.