NUR 3305 - Financial Management in Nursing

Credits: 3 hrs

This course is designed to prepare the nursing professional how to develop, maintain, and forecast financial stability within a changing health care environment. A systems approach is used to analyze the financial impact of health care decisions from a clinical perspective. Economic issues relevant to nursing practice and healthcare are explored. The role of the Administrative Nurse Manager in inter-professional financial planning for quality, safety, and financial stability is addressed. Key concepts covered include principles of financial stability, value-based service, advanced financial management, interpretation of financial statements, regulatory requirements imposed by payers and accreditors, advanced budgeting and variance analysis, forecasting, and productivity management.
Pre-requisite(s): NUR 3303 and Statistics