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Using FTE and RVU performance measures to assess financial viability of academic nurse-managed centers
Susan Vonderheid1, Joanne Pohl, Patricia Schafer
1University of Illinois, Chicago, IL, USA.
Abstract:
Financial performance measures are essential to improve the fiscal management of academic nurse-managed centers (ANMCs). Measures are compared among six ANMCs in a consortium and against an external, self-sustainable, profitable ANMC and national data for family practice physicians. Performance measures help identify a center's strengths and weaknesses facilitating the development of strategies aimed at a variety of targets (business practices related to revenue and costs) to improve financial viability. Using a variety of financial performance measures to inform decision making will aid ANMCs in keeping their doors open for business.
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