Description
Book Synopsis: 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 yearFormulas and calculations for full-time employee hours, variances, and benefit costsExplanation of financial statements, budgets, and reimbursement documentsThe relationship between high reliability organizations (HROs) and finance/budgetsDifferences 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 Read more
Details
Are you a nurse manager struggling with the financial side of running a unit? It's time to take control and master the art of budgeting and finance with The Nurse Manager's Guide to Budgeting & Finance, 3rd Edition. This comprehensive resource is your key to understanding the economic realities of patient-staffing ratios, budgets, reports, and accounting. Don't let acronyms like FTEs and ADCs feel like a foreign language - we've got you covered.
What sets this edition apart is its up-to-date information on the legislation that will directly affect your budgeting process. With practical tools, tips, and strategies, you'll be equipped to handle operating and capital budget development and planning for the year. Say goodbye to the confusion of formulas and calculations for full-time employee hours, variances, and benefit costs. Plus, gain a clear understanding of financial statements, budgets, and reimbursement documents.
In today's healthcare landscape, the relationship between high reliability organizations (HROs) and finance/budgets is critical. This guide will provide valuable insights into this connection, so you can ensure the success of your unit. And for managers working in not-for-profit or for-profit institutions, we'll explain the key differences and help you navigate the unique financial challenges you may face.
Don't miss out on this essential resource that is sure to elevate your practice as a nurse manager. The Nurse Manager's Guide to Budgeting & Finance is a must-have in your toolkit. Get yours today!
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