Description
Written by and for nurses, this key foundational text helps to build the fundamental economics and financial management skills nurses and nurse leaders need to use daily. This third edition delivers several new features adding to its value as the only timely and relevant text written for the full spectrum of RN-to-BSN, BSN, and MSN students. It has been significantly revised to simplify content, address the vast changes in and increasing complexity of U.S. health care financing, and to be useful in both traditional in-class format and hybrid and on-line distance programs. A completely new chapter addresses nurse entrepreneurship, and new text boxes in each chapter illuminate recent research findings and statistics. Chapters also feature worksheets such as business plan checklists and text boxes expanding upon key chapter content. The book is distinguished by its provision of case examples based specifically on nurse-run clinic and inpatient nursing unit financial issues. It provides multiple opportunities for experiential learning such as writing business plans and health program grant proposals. It delivers cost-benefit and cost-effectiveness analyses, discusses budget preparation, offers strategies for controlling budget costs, and updates relevant health policies and statistics. The text's engaging format promotes the synthesis of economics and finance across the nursing curriculum through the use of end-of-chapter exercises, discussion questions, and games based on concepts within the text. Additionally, tips throughout the book alert students about the need to apply concepts from other aspects of their education to economic and financial situations. Also included are on-line supplemental materials for teachers and students including Excel spreadsheets, grant proposals, a test bank, and PowerPoint slides. New to the Third Edition: Updates health reform, health care spending and other relevant policies and statistics Includes a new chapter on nurse entrepreneurship Highlights recent research findings and statistics in text boxes Provides blank and completed worksheets such as business plan checklists Fosters understanding of key concepts with enhanced explanation text boxes Key Features: Aligned with AACN and AONE guidelines, CNL certification exam, and QSEN competencies Serves as a primary financial management text for multiple nursing academic programs Facilitates experiential learning through end-of-chapter exercises, games, tips for synthesizing knowledge, and case examples Designed for use in traditional classrooms and hybrid and on-line distance programs Includes chapter on measuring nursing care with indicators for capacity, staffing, patient acuity, performance, and patient flow