Financial Management

Contact Hours: 3.25 NCPD Hours

Learning Outcomes
After participating in this course, learners will be able to:

• Explain the sources of Federal and State laws or legislation.
• Discuss the legislative process in healthcare rule making and legislation as it relates to state and federal government.
• Describe the mission and regulatory role of the Department of Health and Human Services (HHS), including the Centers for Medicare and Medicaid Services (CMS).
• Interpret how major healthcare legislation, regulations, and payment systems influence healthcare delivery, reimbursement, and professional practice.
• Explain how organizational mission and underlying budget assumptions shape financial priorities and decision-making.
• Describe common budget development methodologies used in healthcare organizations.
• Identify common financial management challenges and proactive strategies to be successful in managing financial pressures in a nursing leadership role.
• Explain productivity monitoring, including its rationale, benefits, common challenges, and implications for nurse administrators.
• Critique common productivity measures by identifying their strengths, the key questions they answer, and their limitations.

Author(s)

Dian Adams, DNP, RN, NEA

Elizabeth A. Carlson, PhD, MSN, RN

Rose Constantino, PhD, JD, MN, BSN, FAAN, FACFE

Jane D. Englebright, PhD, RN, CENP, FAAN

Mikel Hand, EdD, RN, OCN, NEA-BC

Susan J. Penner, RN, MN, MPA, DrPH, CNL