The Nurse Manager's Guide to Budgeting and 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

Author Biography

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, Pennsylvania. He is the former Vice President of Nursing/CNO at Shore Medical Center in Somers Point, New Jersey. He is a member of the board of trustees of Inspira Health System in New Jersey. Rundio currently practices part-time as a nurse practitioner in a residential addiction treatment center. He is the immediate Past President of the International Nurses Society on Addictions. Rundio is the coauthor of the first, second, and third editions of Nurse Executive Review and Resource Manual, published by the American Nurses Credentialing Center. He is the coeditor and author of The Doctor of Nursing Practice and the Nurse Executive Role, published by Lippincott Williams & Wilkins. He is the editor of Nurse Management & Executive Practice, also published by Lippincott Williams & Wilkins. He is the coeditor-in-chief of the Journal of Interprofessional Education and Practice. He is a popular speaker on nurse management and leadership topics. He presents nurse executive review courses to assist nurses in preparation for the nurse executive certification board examinations.