Budgeting Concepts for Nurse Managers


  • Steven Finkler, PhD, CPA, Program in Health Policy and Management, Robert F. Wagner Graduate School of Public Service, New York University, New York, NY
  • Mary McHugh

An in-depth guide to preparing accurate nursing budgets, this book will help you improve your financial skills and contribute to your organization's strategic planning. It discusses the different types of budgeting, the budgeting process, forecasting, variance analysis, and costing out nursing services. A variety of settings are included: hospitals, long-term care, home health, community health, managed care, and others. With this guide, you'll learn how to communicate effectively with financial managers, succeed in your role in the budgeting process, and assist in the delivery of high-quality patient care at the lowest possible cost.
View full description


Book information

  • Published: September 2007
  • Imprint: SAUNDERS
  • ISBN: 978-1-4160-3341-7

Table of Contents

1. Introduction: The Different Types of Budgets

2. The Budgeting Process

3. Motivation and Incentives

4. Cost Concepts

5. Personnel Issues

6. Forecasting

7. Strategic Planning and Business Plans

8. The Operating Budget

9. Revenue Budgeting

10. Capital Budgeting (Technical Appendix: Quantitative Methods for Capital Budgeting)

11. Performance Budgeting

12. Cash Budgeting

13. Variance Analysis

14. Variance Analysis: Examples, Extensions, and Caveats

15. Budgeting for Information Systems

16. Budgeting for the Operating Room

17. Benchmarking, Productivity, and Cost-Benefit and Cost-Effectiveness Analysis

18. Costing Out Nursing Services

Additional Suggested Readings


Appendix: Sample Budget Forms and Instructions