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Related Experiment Videos

Financially viable nurse-managed centers.

Elaine McIntosh1, Jean Nagelkerk, Susan C Vonderheid

  • 1Nurse Managed Centers, University of Michigan School of Nursing, USA.

The Nurse Practitioner
|June 13, 2003
PubMed
Summary
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Financial Advisory Committees (FACs) and peer review can improve financial outcomes for nurse-managed centers. These strategies support financial sustainability for academic centers and advanced practice nurses.

Area of Science:

  • Health Services Administration
  • Nursing Management
  • Healthcare Finance

Background:

  • Nurse-managed centers are vital for healthcare delivery, particularly for underserved populations.
  • These centers often face significant financial viability challenges.
  • Ensuring financial sustainability is crucial for the continued operation and impact of these essential services.

Purpose of the Study:

  • To discuss the role of a Financial Advisory Committee (FAC) in academic nurse-managed centers.
  • To explore the process of financial peer review for enhancing financial outcomes.
  • To provide strategies for improving financial sustainability in nurse-managed healthcare settings.

Main Methods:

  • Review of the functions and implementation of Financial Advisory Committees.

Related Experiment Videos

  • Analysis of the financial peer review process within academic nurse-managed centers.
  • Identification of best practices for financial management and sustainability.

    • Main Results:

    • Financial Advisory Committees can provide crucial oversight and strategic financial guidance.
    • Financial peer review facilitates the sharing of best practices and identifies areas for financial improvement.
    • Implementing these financial strategies can lead to enhanced financial stability and performance.

    Conclusions:

    • Financial Advisory Committees and financial peer review are effective tools for improving financial outcomes in nurse-managed centers.
    • These approaches contribute to the long-term financial sustainability of academic nurse-managed centers.
    • Advanced practice nurses can leverage these financial strategies to strengthen their own practices.