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Related Experiment Videos

Nursing process approach improves receivables management.

K Dias1, D Stockamp

  • 1Good Samaritan Hospital and Medical Center, Portland, OR.

Healthcare Financial Management : Journal of the Healthcare Financial Management Association
|August 6, 1992
PubMed
Summary

Applying the nursing process to accounts receivable management improved hospital finances. This systematic approach reduced days in accounts receivable and increased cash flow.

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Area of Science:

  • Healthcare Management
  • Systems Theory
  • Financial Operations

Background:

  • The nursing process is a systematic, open-system approach to problem-solving.
  • Open-system theory emphasizes the interconnectedness of system components.
  • Decisions in one area impact others, necessitating a holistic view.

Purpose of the Study:

  • To explore the application of the nursing process to accounts receivable management.
  • To determine if this approach enhances financial performance in hospitals.

Main Methods:

  • The nursing process model was applied to accounts receivable cycles in hospital settings.
  • Key performance indicators related to receivables were monitored.

Main Results:

  • Experiments demonstrated a reduction in gross days in accounts receivable.
  • Increased cash flow was observed in participating hospitals.

Conclusions:

  • The nursing process offers a viable framework for optimizing accounts receivable management.
  • Implementing this systematic approach can lead to significant financial improvements in healthcare organizations.

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