An academic nursing clinic's financial survival

Nurs Econ. 1997 Sep-Oct;15(5):248-52.

Abstract

The authors suggest that academic institutions build business-oriented policies and practices into the development of any nurse-run clinic to set the stage for financial independence when special or development funding ends. One university-affiliated program that provides 4,000 to 5,000 annual visits drastically changed its strategies when threatened with closure after free rent and other subsidies were withdrawn. The growing emphasis on ambulatory care roles for nurses at all levels makes such clinics critical to the success of the broad-based curricula of nursing education programs, as well as the clinic's value to communities they serve. Funding difficulties frequently threaten the existence of such nurse-run clinics once the initial grant funding is no longer available. This has caused a new emphasis on running such clinics in a business-wise manner. Among the strategies initiated were: direct full-pay at the time of service; a realistic business management plan; aggressive planned marketing; contracts and agreements with other agencies; obtaining provider status with selected HMOs.

MeSH terms

  • Academic Medical Centers / organization & administration*
  • Community Health Centers / organization & administration*
  • Community Health Nursing / education*
  • Community Health Nursing / organization & administration*
  • Cost Control
  • Efficiency, Organizational
  • Financial Management / organization & administration*
  • Financial Support
  • Health Facility Closure
  • Humans
  • Nursing Faculty Practice / organization & administration*