Budgeting Concepts for Nurse Managers

This comprehensive guide equips nurse managers with essential budgeting skills, covering various budgeting types, processes, and financial analysis. It includes practical resources and insights for effective financial management in healthcare settings.

Budgeting Concepts for Nurse Managers serves as a comprehensive guide for nursing professionals looking to enhance their financial acumen and actively participate in their organization's strategic planning. The book covers various budgeting types, the budgeting process, and essential topics such as forecasting, variance analysis, and costing nursing services. It is tailored for a range of settings, including hospitals, long-term care facilities, home health, and managed care, making it a versatile resource for nurse managers.

Each chapter is structured to facilitate learning, featuring clear Learning Objectives to guide readers through the material. Summaries and implications for nurse managers are included to reinforce key concepts, while suggested readings offer additional resources for those seeking to deepen their understanding. The appendix provides practical tools, including sample budget forms and instructions, allowing readers to apply what they have learned in real-world scenarios.

The book also introduces new chapters focusing on budgeting for information systems and operating rooms, addressing crucial aspects such as stakeholder involvement and the prioritization process. Additionally, it discusses the financial implications of achieving magnet status and explores different care delivery models and their budgetary impacts. Updated content on budget variance analysis and outsourcing considerations ensures that readers are well-equipped to make informed financial decisions that contribute to high-quality patient care while maintaining cost-effectiveness.