The Nurse Manager's Guide to Budgeting & Finance, 3rd Edition

Nurses focus on the art and science of caregiving, but nurse managers are faced with the economic reality of patient-staffing ratios, budgets, reports, and accounting. Acronyms such as FTEs and ADCs can feel like a foreign language, but thankfully, help is available.

Updated to include details about key legislation that will affect budgeting, The Nurse Manager's Guide to Budgeting and Finance, 3rd Edition, provides practical tools, tips, and strategies for running a unit that you weren't taught in nursing school:

• Operating and capital budget development and planning for the year
• Formulas and calculations for full-time employee hours, variances, and benefit costs
• Explanation of financial statements, budgets, and reimbursement documents
• The relationship between high reliability organizations (HROs) and finance/budgets
• Differences between not-for-profit and for-profit institutions

"This guide should be part of every nurse manager's toolkit for assuring competent practice."
-Moreen Donahue, DNP, RN, FAAN, NEA-BC, Nurse Consultant

"What a great reference-complete yet concise! For those nurses who don't think the budget is important, Rundio identifies the relationship between informed budgeting and improved patient care. He clearly describes everything the nurse needs to know about the budget and the budgeting process. And if that isn't enough, he provides decisive and essential information for future administrative and clinical practice. No nurse should be without a copy!" --William J. Lorman, PhD, JD, MSN, PMHNP-BC, NCPsyA, FAAN Principal, Insight Psychological Services Willow Grove, Pennsylvania

"The Nurse Manager's Guide to Budgeting & Finance, Third Edition, is so much more than a guide for nurse managers! This book is essential reading for all advanced practice registered nurse educators and policymakers. Concepts central to healthcare costs, reimbursement, and national policy are presented in a way that is easy for the non-manager to understand. It's not easy to make budgeting interesting, but Dr. Rundio does it!" --Sally K. Miller, PhD, APRN, FAANP Clinical Professor, Drexel University College of Nursing and Health Professions

"Dr. Rundio has significant experience as a nurse executive and is currently my successor as treasurer for the Nightingale Awards of Pennsylvania. His book comprehensively outlines key budgeting concepts and shares important steps in developing strong, credible nursing budgets. This third edition includes 'real time' interviews and case examples that enhance the assimilation of knowledge and understanding of financial concepts-an outstanding strategy for explaining this often complicated yet critical leadership topic. I truly wish I'd had Dr. Rundio's book as a reference early in my career, not only for myself but as a resource for nurse leader colleagues!" --Valerie S. Hardy-Sprenkle, MPH, RN, NEA-BC, FACHE (R) WellSpan Vice President of Acute Care Nursing Practice (Retired) WellSpan York Hospital Vice President/Chief Nursing Officer (Retired)

Al Rundio, PhD, DNP, RN, APRN, NEA-BC, FNAP, FAAN, is an experienced clinician, administrator, and educator. He is a Clinical Professor of Nursing at Drexel University’s College of Nursing and Health Professions in Philadelphia, PA, USA. He is the former Vice President of Nursing/CNO at Shore Medical Center in Somers Point, NJ, USA, and a member of the board of trustees of Inspira Health System.