In practice, every management decision has financial implications, and every financial decision has management implications. Bottom-line thinking, if made top priority, loses money. The best financial outcome is achieved when listening to the patient is first priority followed by giving service(s) the patient values. This is achieved through effective leadership and organizational processes, all discussed in this book. Chapters are devoted to staffing, budgeting, identifying and analyzing variance, measuring productivity, costing, accounting, strategic planning and other effective financial strategies. Financial Management for Nurse Managers, written by a nurse administrator and a chief financial officer, prepares nurse managers for successful interfacing between the financial departments and nursing administration, and advocates for decisions based upon both perspectives.
PowerPoint Slides and Test Bank now available for instructors!