Penner’s Economics and Financial Management for Nurses and Nurse Leaders

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Penner’s Economics and Financial Management for Nurses and Nurse Leaders

Fourth Edition

Editors

Mary Lynne Knighten, DNP, RN, NEA-BC

KT Waxman, DNP, MBA, RN, CNL, CENP, CHSE, FSSH, FAAN, FAONL

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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. 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. Entrepreneurship, Contract Negotiation, and Practice Management

PART IV: OTHER IMPORTANT TOPICS FOR NURSES AND NURSE LEADERS

Chapter 11. Grant Writing for Healthcare Programs

Chapter 12. Ethical Issues and Financial Issues in International Healthcare Systems

Chapter 13. Health Policy and Future Trends

Glossary

Index

Authors

Dr. Mary Lynne Knighten, DNP, RN, NEA-BC, is a board certified nurse executive with more than 30 years of progressive management experience in leading patient care operations, developing staff, building clinical programs, improving patient satisfaction and quality outcomes, mitigating cost inefficiencies, controlling budgets, ensuring regulatory compliance, educating, conducting research, and negotiating contracts for major medical centers and teaching hospitals and has educated in RN-to-BSN and DNP programs at private faith-based universities.

Dr. KT Waxman, DNP, MBA, RN, CNL, CENP, CHSE, FSSH, FAAN, FAONL, is a national nurse leader and executive with extensive experience in healthcare and corporate settings. She is Professor and Director of the Doctor of Nursing Practice (DNP) program at the University of California, San Francisco’s School of Nursing. She is also the Director of the California Simulation Alliance (CSA) at HealthImpact. In addition to her work at UCSF and the CSA, she is the Editor-in -Chief for Nursing Administration Quarterly (NAQ). An internationally known speaker and author, Waxman is also a past president of the Association of California Nurse Leaders (ACNL) and past board member, serving as Treasurer, for the American Organization for Nursing Leadership (AONL). She is a Past President of the Society for Simulation in Healthcare (SSH), a 5,000+ member international, inter-professional organization.

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