Financial Management for Nurse Managers and Executives
Author: Steven A Finkler
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 Evolve® 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.
Audrey L. Powell
This second edition of a book on financial manangement for nurse managers is an update, expansion, and revision of the 1993 edition to account for managed care, settings beyond acute care, computerization, and the nurse entrepreneur. 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 for the graduate student 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 andreadily available. This second 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 the second 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.
Doody Review Services
Reviewer: Audrey L. Powell, MSN, RN (Emphraim McDowell Regional Medical Center)
Description: This second edition of a book on financial manangement for nurse managers is an update, expansion, and revision of the 1993 edition to account for managed care, settings beyond acute care, computerization, and the nurse entrepreneur.
Purpose: 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 for the graduate student 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.
Audience: 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.
Features: 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.
Assessment: Th is second 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 the second 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.
Rating
4 Stars! from Doody
Table of Contents:
Pt. I | A Financial Management Framework | 1 |
1 | Introduction and Overview | 3 |
2 | The Health Care Environment | 12 |
3 | The Role of Financial Management Within the Health Care Organization | 36 |
4 | Key Issues in Applied Economics | 57 |
Pt. II | Financial Accounting | 77 |
5 | Accounting Principles | 79 |
6 | Analysis of Financial Statement Information | 99 |
Pt. III | Cost Analysis | 121 |
7 | Cost Management | 123 |
8 | Determining Health Care Costs and Prices | 153 |
9 | Costs and Other Issues Related to Recruiting and Retaining Staff | 203 |
Pt. IV | Planning and Control | 217 |
10 | Strategic Management | 219 |
11 | Budgeting Concepts | 239 |
12 | Operating Budgets | 262 |
13 | Controlling Operating Results | 287 |
14 | Performance Budgeting | 321 |
Pt. V | Managing Financial Resources | 337 |
15 | Short-Term Financial Resources | 339 |
16 | Long-Term Financial Resources | 354 |
Pt. VI | Additional Management Tools | 371 |
17 | The Use of Computers in Financial Management | 373 |
18 | Forecasting and Other Methods for Decision Making | 396 |
19 | Marketing | 433 |
20 | The Nurse as Entrepreneur | 459 |
Pt. VII | The Future | 473 |
21 | Nursing and Financial Management: Current Issues and Future Directions | 475 |
Glossary | 485 | |
Index | 511 |
Books about economics: The Complete Lean Enterprise and The Flawless Consulting Fieldbook and Companion
Fundamentals of Futures and Options Markets with CDROM
Author: John C Hull
Updated and revised to reflect the most current information, this introduction to futures and options markets is ideal for those with a limited background in mathematics.
Based on Hull's Options, Futures and Other Derivatives, one of the best-selling books on Wall Street, this book presents an accessible overview of the topic without the use of calculus. Packed with numerical samples and accounts of real-life situations, the Fifth Edition effectively guides readers through the material while providing them with a host of tangible examples.
For professionals with a career in futures and options markets, financial engineering and/or risk management.
Table of Contents:
Preface
- Introduction
- Mechanics of Futures and Forward Markets
- Hedging Strategies Using Futures
- Interest Rates
- Determination of Forward and Futures Prices
- Interest Rate Futures
- Swaps
- Mechanics of Options Markets
- Properties of Stock Options
- Trading Strategies Involving Options
- Introduction to Binomial Trees
- Valuing Stock Options: The Black-Scholes Model
- Options on Stock Indices and Currencies
- Futures Options
- The Greek Letters
- Binomial Trees in Practice
- Volatility Smiles
- Value at Risk
- Interest-Rate Options
- Exotic Options and Other Non-Standard Instruments
- Credit Derivatives
- Insurance, Weather, Energy, and Credit Derivatives
- Derivatives Disasters and What We Can Learn From Them
Glossary of Terms
DerivaGem Software
Major Exchanges Trading Futures and Options
Table for N(x) when x<0
Table for N(x) when x>0
Index
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