"Nurse managers must possess some basic knowledge about budgeting and finance. The reality is that nurse managers manage their own business (the nursing unit) within the organization. With decreasing revenue streams, nurse managers must manage their units so that actual expenses equal budgeted expenses, or they must be able to justify variances and take corrective action where needed. Nurse managers must also be familiar with certain types of budget reports, how to interpret these reports, and, most importantly, how to take ...
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"Nurse managers must possess some basic knowledge about budgeting and finance. The reality is that nurse managers manage their own business (the nursing unit) within the organization. With decreasing revenue streams, nurse managers must manage their units so that actual expenses equal budgeted expenses, or they must be able to justify variances and take corrective action where needed. Nurse managers must also be familiar with certain types of budget reports, how to interpret these reports, and, most importantly, how to take action to control the results. All this can be difficult for many nurse managers. This book is written with the nurse manager at the unit level and above for any healthcare organization in mind. It's a handbook that is intended to be used on the job for the effective management of the organization's finances. It is also intended to share with nurse managers concepts that can be implemented in management so they become more effective at managing the resources of the organization. Finally, this book will assist any nursing manager pursuing certification as a nurse executive"--
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