Main description:

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

Contents:

Part I: The Big Picture of Health Care Finance
Chapter 1: The Economic Context of Nursing Practice in the U.S.
Chapter 2: Health Insurance and Reimbursement
Chapter 3: Nurse Practitioner and Nurse Leader Strategies for Practice and Population Health Management: Financial Implications
Chapter 4: International Health Care Finance Trends
Part 2: Budgeting, Strategic Planning and Financial Statements
Chapter 5: Budgeting in Acute Care Settings
Chapter 6: Indicators for DNPs Managing Outpatient Microsystems
Chapter 7: Strategic Planning and Capital Budgeting
Chapter 8: Financial Analysis and the DNP: Understanding Business Performance in Health Care
Part 3: Quality, Data Analysis, Legal and Ethics
Chapter 9: Ensuring Quality Care While Controlling Costs
Chapter 10: Basic Data Analysis Techniques for Nurse Leaders
Chapter 11: Role of Technology, Informatics, Artificial Intelligence, and Big Data in Healthcare Finance
Chapter 12: Legal, Ethical, and Policy Issues
Part 4: Pulling it all together
Chapter 13: Project Management for Nurse Leaders
Chapter 14: Health Care Grant Writing in Acute, Ambulatory, Academic, and Community Settings
Chapter 15: Entrepreneurship and Innovation for Nurse Leaders: Developing a Business Case
Chapter 16: CNO-CFO Dyad: An Essential Relationship
Chapter 17: Making the Financial Case for Academic-Practice Partnerships: The ROI for Specialty Education
Part 5: The Future of Health Care
Chapter 18: Financial Management in Times of Uncertainty, Shortages, and Change
Chapter 19: The Efficient Hospital of the Future: Improving Patient Access and Patient Flow
Case Studies
Glossary
Index