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Positioning advanced practice nurses for financial success in clinical practice
1College of Nursing, University of Cincinnati, Cincinnati, Ohio 45221-0038, USA. susan.kennerly@uc.edu
Nurse Educator
|September 19, 2006
Summary
Advanced practice nurses (APNs) need better financial training. Enhancing reimbursement knowledge is crucial for APNs to succeed in practice management and business ventures.
Area of Science:
- Nursing
- Healthcare Finance
- Clinical Practice Management
Background:
- Advanced practice nurses (APNs) possess strong patient care skills but lack financial management expertise.
- Limited knowledge of healthcare reimbursement hinders APNs' potential in business and practice development.
- Educational institutions face challenges in equipping APNs with essential financial competencies.
Purpose of the Study:
- To highlight the critical need for enhanced financial and reimbursement education for APNs.
- To identify key content areas essential for APNs' financial success in clinical practice.
- To advocate for strengthening the financial management curriculum in advanced practice nursing programs.
Main Methods:
- The author reviews essential financial management concepts relevant to APN practice.
- Discussion focuses on four primary content categories crucial for financial success.
- Analysis of current educational gaps in reimbursement competency for APNs.
Main Results:
- APNs are inadequately prepared for the financial aspects of clinical practice.
- A deficiency in reimbursement knowledge restricts APNs' business and practice opportunities.
- Specific financial content categories are identified as vital for practice viability.
Conclusions:
- Faculty must prioritize and strengthen the reimbursement component within financial management education for APNs.
- Improved financial competency will empower APNs to become leaders in healthcare business and practice.
- Targeted educational interventions are necessary to ensure APNs' financial success and broader impact.
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