Financial and Business Management for the Doctor of Nursing Practice

"This book will guide the theory and practice of financial management by DNPs now and for years to come. It is practical, evidence-based, and up to date. I commend the editors and authors for their important contributions."

-Susan J. Penner, RN, MN, MPA, DrPH, CNL, author of Economics and Financial Management for Nurses and Nurse Leaders, Third Edition

From the Foreword

This award-winning resource is the only text to focus on the financial and business skills needed by students in DNP programs. The third edition, updated to reflect key changes in our healthcare system and in nursing competencies, includes three new chapters addressing Big Data, Population Health, and Financial Management in Times of Uncertainty. It examines the impact of COVID on our healthcare system as it relates to nursing competencies, provides expansive coverage of clinical environments beyond acute care, and presents five comprehensive new case studies emphasizing the financial aspects of DNP roles and the DNP Project.

Clear and well-organized, the third edition emphasizes critical skills that nurse leaders need to participate in strategic health care planning. It addresses recent changes to reimbursement and health care regulations. The third edition offers updated information on ambulatory care, cost and ratio analysis, new examples of financial statements, and a new business plan. Enhanced teaching strategies include real-life case studies, challenging critical thinking questions, learning games, key terms, and an extensive glossary. New PowerPoint slides add to the text's value as a vital teaching tool.

New to the Third Edition:

• New chapters:
  • Financial Implications of Population Health Management
  • Role of Technology/Information/AI, and Big Data in Health Care Finance
  • Financial Management in Times of Uncertainty, Shortages, and Change
• Covers managing outpatient microsystems and building the CNO/CFO relationship
• Discusses quantifying the value of academic/practice partnerships
• Addresses key changes to reimbursement and health care regulations
• Provides enhanced teaching strategies including new PowerPoint slides

Key Features:

• Embeds economic and financial concepts in nursing practice and nursing health care systems
• Provides a framework for developing critical competencies in the Essentials 10 domains
• Teaches students how to make business case for DNP projects, how to prepare a budget, determine staffing expenses, prepare a cost-benefit analysis, and more
• Includes critical thinking questions, learning games, key terms, glossary

ISBN-13: 9780826160157

Media Type: Paperback

Publisher: Springer Publishing Company

Publication Date: 06-17-2022

Pages: 544

Product Dimensions: 7.00(w) x 10.00(h) x (d)

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. 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.

Table of 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