Using FTE and RVU performance measures to assess financial viability of academic nurse-managed centers.
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.
Vonderheid
Susan
S
University of Illinois, Chicago, IL, USA.
Pohl
Joanne
J
Schafer
Patricia
P
Forrest
Kathy
K
Poole
Michele
M
Barkauskas
Violet
V
Mackey
Thomas A
TA
D000046:Academic Medical Centers / Q000191:economics / Q000458:organization & administration* / Q000706:statistics & numerical data; D000554:Ambulatory Care Facilities / Q000191:economics / Q000458:organization & administration* / Q000706:statistics & numerical data; D002204:Capitation Fee; D003361:Cost Allocation; D039702:Current Procedural Terminology; D003625:Data Collection; D017598:Efficiency, Organizational / Q000191:economics*; D018588:Fee-for-Service Plans; D005375:Financial Audit; D006801:Humans; D008824:Michigan; D009718:Nurse Administrators; D009720:Nurse Clinicians / Q000458:organization & administration*; D010865:Pilot Projects; D017009:Professional Autonomy; D015895:Relative Value Scales; D013781:Texas