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Published on: June 21, 2010
Business acumen for nursing leaders: An exploratory qualitative study
Chris Raftery1, Anne-Marie Sassenberg2, Anita Bamford-Wade3
1Gold Coast Health, Southport, Queensland, Australia.
Journal of Nursing Management
|May 12, 2022
Summary
Nurse leaders require enhanced business acumen for effective healthcare system participation. Current education is insufficient, creating barriers but offering future opportunities for professional growth and influence.
Area of Science:
- Healthcare Management
- Nursing Leadership
- Business Acumen in Healthcare
Background:
- Global health systems face reforms for better care and budget sustainability.
- Nurse leaders require strong business acumen beyond leadership skills to navigate complex systems.
Purpose of the Study:
- To explore the current status of business acumen among nurse leaders.
- To identify the need for enhanced business acumen in nursing leadership roles.
Main Methods:
- Qualitative study involving interviews with two groups: emerging nurse leaders and established health system leaders.
- Exploration of four key elements related to business acumen through interviews.
Main Results:
- Varied definitions and valuation of business in healthcare across participant groups.
- Both groups identified a lack of adequate business education for nurse leaders.
- Inconsistent business acumen was recognized as a barrier to nursing's inclusion in system-level decision-making.
Conclusions:
- Business acumen is highly valuable for nursing, exceeding current educational provisions.
- Educational gaps in business acumen create reputational barriers for nursing in health system leadership.
- Improving business acumen presents an opportunity to enhance nurse leader influence and understanding within the healthcare system.
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