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Nursing and finance: making the connection
Terry Brennan1, Nancy Hinson, Mardy Taylor
1Yavapai Regional Medical Center, Prescott, AZ, USA. tbrennan@yrmc.org
Summary
Effective collaboration between nursing and finance departments is essential for financial health and quality patient care. Both departments must actively engage and communicate to achieve mutual success and operational excellence.
Area of Science:
- Healthcare Management
- Financial Administration in Healthcare
Background:
- Nursing and finance are interdependent for organizational success.
- Financial viability and high-quality patient care are linked outcomes.
Purpose of the Study:
- To highlight the critical relationship between nursing and finance.
- To outline strategies for interdepartmental collaboration.
Main Methods:
- Conceptual analysis of interdepartmental roles.
- Recommendations for collaborative practices.
Main Results:
- Finance departments need to educate, inform, communicate, and empathize with nursing.
- Nursing departments should be creative, participate in financial governance, and model cooperation.
Conclusions:
- Mutual understanding and active participation are key to financial viability and quality care.
- Enhanced communication and collaboration benefit both nursing and finance sectors.
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