Health Care Finance, Economics, and Policy for Nurses - 3rd Edition by Betty Rambur (Paperback)

About the Book

"Did you ever think that our great-great-grandmothers, who were nurses 100 years ago, could have been more financially and professionally independent than nurses today? In the 1930s, both physicians and nurses ran their own independent companies. Families would hire nurses and pay them directly for care, just like they paid physicians for house calls. It is not until the early-to-mid 20th century when the expansion of the U.S. public health and hospital systems drew private nurses into hospitals. Seeing the improved quality of patient care and the revenue potential from nursing services, hospitals began hiring nurses on staff and billing for nursing services-every patient bill back then had a separate line for nursing services. Nurses possessed business knowledge and acumen to know how much money they were bringing and how it should be used to provide the best possible care for patients and families"-- Provided by publisher.

Book Synopsis

Delivers knowledge to support a lifetime of informed, impactful advocacy

This concise, practical text---written for all nursing roles and levels of experience--synthesizes the complexities of health economics, finance, payment, ethics, and civic responsibility into an easy-to-understand, non-partisan guide to health policy and activism. It is distinguished from similar texts by its discussion of economic and financial dynamics in health care as a precursor to policy and advocacy in nursing. In addition to being revised and updated, the book includes substantially expanded material on artificial intelligence and large language platforms; information, quality, safety and costs; health equity; civics; laws, administrative rules and Supreme Court decisions; nurses on boards; Medicare Advantage and Part D, outpatient pharmaceuticals; the impact of mergers and acquisitions on nurses' salaries and career opportunities; and an entirely new chapter on the nursing workforce.

Written by a health economics and policy expert, dean, and award-winning teacher recognized as a "policy luminary" by the American Association of Colleges of Nursing, the resource discusses in depth the relationship between nursing and health care economics. It traces the history of our health care system from the early 1900s through today and discusses the intersection of ethics and economics to provide nurses with the tools to thoughtfully analyze dilemmas arising from today's focus on the bottom line. Using a step-by-step skill-building guide, the book describes--with the support of illustrative case--how to use economic principles to shape organizations and public policy. It breaks down complex financial principles to facilitate understanding for nurses with no prior knowledge of this discipline. Also included is updated information on the Patient Protection and Affordable Care Act and key subsequent legislation and Supreme Court decisions. Additionally, the book is compatible with online teaching and coursework. Faculty resources include PowerPoint slides, a test bank, comprehensive review questions and sample syllabi. Purchase includes online access via most mobile devices or computers.

New to the Third Edition:

• Chapter 14: The Health Care Workforce: What Nurses Need to Know
• Incorporates emerging innovations including social media applications, The Internet of Health Things (IoHT), and artificial intelligence
• Addresses reimbursement and payment reform, links to upstream social determinants of health and health equity, and value-informed nursing practice
• Discusses mergers, acquisitions and nurses' career opportunities and income
• Provides up-to-date information on private equity's growing footprint, and how it effects nursing practice

Key Features:

• Distills complex concepts into easy-to-understand information
• Addresses systems-based practice domain of AACN Essentials
• Provides engaging case examples for all nursing roles and levels of experience
• Authored by a leading nurse expert, policy leader, former dean, and award-winning instructor
• Guides readers in using economic principles to shape organizations and public policy
• Provides chapter quizzes, PowerPoint slides, test bank, comprehensive review questions, and sample syllabi