By Al Rundio
Nurses focus on the art and science of caregiving, but nurse managers are faced with the economic reality of patient-staffing ratios, budgets, reports, and accounting. Acronyms such as FTEs and ADCs can feel like a foreign language, but thankfully, help is available.
Updated to include details about key legislation that will affect budgeting, The Nurse Manager’s Guide to Budgeting and Finance, 3rd Edition, provides practical tools, tips, and strategies for running a unit that you weren’t taught in nursing school:
Operating and capital budget development and planning for the year
Formulas and calculations for full-time employee hours, variances, and benefit costs
Explanation of financial statements, budgets, and reimbursement documents
The relationship between high reliability organizations (HROs) and finance/budgets
Differences between not-for-profit and for-profit institutions
“This guide should be part of every nurse manager’s toolkit for assuring competent practice.” -Moreen Donahue, DNP, RN, FAAN, NEA-BC, Nurse Consultant
Product Details
Publisher : Sigma Theta Tau International; 3rd edition (June 14, 2021)
Language : English
Paperback : 266 pages
ISBN-10 : 1646480155
ISBN-13 : 978-1646480159
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