Financial and Business Management for the Doctor of Nursing Practice - 3rd Edition by Kt Waxman & Mary Lynne Knighten (Paperback)

About the Book

"The third edition of this book is very timely post COVID-19 pandemic, as we have updated all chapters and added some new chapter topics such as managing outpatient microsystems (which, along with the existing acute care chapter, help DNPs to budget along the continuum), building the CNO/CFO relationship, integrating technology, informatics, artificial intelligence, and Big Data in the nurse executive's healthcare finance role, and quantifying the value of academic-practice partnerships. Hospitals and health systems have had to pivot drastically as the world changed. Most hospitals lost a significant amount of revenue during the pandemic and most operating margins were under 0%. Labor costs increased and the sicker patients required more resources. These changes impacted the "bottom line" in healthcare and now, more than ever, nurse leaders and in particular nurse leaders with a DNP degree are needed to help manage costs"--

Book Synopsis

"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