Financial and Business Management for the Doctor of Nursing Practice

by KT Waxman DNP, MBA, RN, CNL, CENP, CHSE, FSSH, FAAN, FAONL (Editor)

Overview

First Edition Awarded Second Place in 2013 AJN Book of the Year Awards!

The second edition of this award-winning text, designed specifically for the DNP course in health care economics and finance, remains the only book to embed economic and financial concepts in the context of nursing practice and nursing health care systems. Well organized and clearly written, the second edition is updated to encompass key changes to reimbursement and health care regulations and provides revised statistics throughout. It offers new information on ambulatory care, cost and ratio analysis, additional examples of financial statements, and an updated sample business plan. Enhanced teaching strategies include real life case studies, challenging critical thinking questions, learning games, key words in each chapter, and an extensive glossary. New PowerPoint slides add to the text’s value as a robust teaching tool.

Written by experienced DNP executives for DNPs, the book emphasizes critical skills nurse leaders need to participate in strategic health care planning. It delivers a practical approach to business, finance, economics, and health policy that is designed to foster sound business and leadership. The text clearly explicates the relationship between cost of care, quality of care, and ethics, and examines the economic and financial implications of evidence-based practice and quality. Also included is a special section on finance for independent practitioners. Additionally, the book delivers required competencies of the AACN Essentials and the AONE.

New to the Second Edition:

Updated statistics throughout

New information on ambulatory care

A cost and ratio analysis

Additional examples of financial statements

Updated business plan

Enhanced faculty support

PowerPoint slides

Product Details

ISBN-13:	9780826122094
Publisher:	Springer Publishing Company
Publication date:	12/28/2017
Sold by:	Barnes & Noble
Format:	eBook
Pages:	430
File size:	20 MB
Note:	This product may take a few minutes to download.

About the Author

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.

Table of Contents

Contents

Contributors

Foreword Roxane Spitzer, PhD, MBA, RN, FAAN

Preface

Acknowledgments

PART I. THE BIG PICTURE OF HEALTH CARE FINANCE

1. The Economic Context of Nursing Practice in the United States

Joanne Spetz

2. Insurance Coverage and Reimbursement in Acute and Nonacute Settings

Carol A. (Reineck) Huebner

PART II. BUDGETING FOR ACUTE AND AMBULATORY CARE

3. Hospital Utilization, Staffing, and Financial Indicators

Susan J. Penner and Michael D. Spencer

4. Budgeting, Scheduling, and Daily Staffing for Acute Care Nursing Units

Chrys Marie Suby

5. Nurse Practitioner Strategies for Financial Success

Karen Van Leuven

6. Strategic Planning and Capital Budgeting

Mikhail Shneyder

7. Financial Statements and the DNP: Essential Knowledge for Success

Tim Bock, Carlton Abner, KT Waxman, and Juli Maxworthy

PART III. QUALITY, DATA ANALYSIS, AND LEGAL/ETHICAL ISSUES

8. Quality Initiatives: Building the Business Case for Quality

Juli Maxworthy

9. Basic Data Analysis Techniques for DNP Nurse Leaders

Susan Prion

10. Legal, Policy, and Ethical Issues in Health Care Financing

Elena Capella and Judith Lambton

11. Evolution of a Project: The DNP as Project Manager

Elena Capella and Kathleen M. Nakfoor

12. Health Care Grant Writing in Acute, Ambulatory, and Community Care

Mary Lynne Knighten

13. The Efficient Hospital of the Future

Lisa J. Massarweh

PART IV. ENTREPRENEURSHIP AND THE FUTURE

14. Entrepreneurial Leadership: Innovation and Business Acumen

KT Waxman and Marjorie Barter

15. Teaching Financial Management and Program Development

Fay L. Bower and Anna Mullins

16. Financing Nursing Care Around the World: Global Health Care

Lisa Gifford

Glossary

Index

Editorial Reviews

Reviewer: Kathleen M. Woodruff, DNP, RN, ANP-BC(USC School of Social Work)
Description: This comprehensive resource provides essential healthcare financing information for nursing professionals. This valuable book was originally published in 2014, and this edition presents the most up-to-date information on healthcare economics and financing from the perspective of nursing practice and the healthcare system.
Purpose: The purpose is to provide Doctor of Nursing Practice (DNP) students with the knowledge and skills essential to practice at the doctoral level. The book describes the skills needed to strategically anticipate changes in the healthcare marketplace in a user-friendly context for these students. These objectives are in keeping with the Institute of Medicine 2008 report that underscores the importance of nurses practicing to their fullest potential.
Audience: The audience is DNP students, but both student and current DNPs will benefit from the book. The authors are clearly well versed in the world of healthcare finance. Each of the contributors presents specific information in their area of expertise in healthcare finance.
Features: The book is well organized and structured. Readers do not need to have a degree in finance to be able to understand the issues. The initial portion of the book explains reimbursement and healthcare insurance issues. The book goes on to describe the skills necessary to manage budgets in the healthcare arena. It then explores the ethical and financial issues as they relate to patients, providers, and healthcare systems. The final section discusses exploring entrepreneurship and positioning oneself as the future of healthcare unfolds.
Assessment: Healthcare finance and business management are intimidating topics for most DNP nurses. This resource does a wonderful job of addressing the essential components of these topics in language that is familiar and understandable. It provides readers with the skills to develop a business plan, create a budget, and embark on an entrepreneurial adventure.

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