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Nursing as a business. Financial management
The Nursing Clinics of North America
|September 1, 1983
Summary
Nursing financial management is crucial for administrators, requiring fiscal knowledge for organizational power. Effective nursing leaders must master and delegate financial responsibilities to their teams.
Area of Science:
- Healthcare Administration
- Nursing Management
- Financial Management
Background:
- Nursing administrators are assuming greater responsibilities within healthcare organizations.
- Effective financial management is increasingly vital for nursing leadership.
- Understanding fiscal operations is essential for nursing's role in institutional management.
Purpose of the Study:
- To highlight the importance of financial management for nursing administrators.
- To emphasize the need for fiscal knowledge and skill development in nursing leadership.
- To advocate for nursing's acceptance of responsibility for the business aspects of patient care.
Main Methods:
- Conceptual analysis of the role of financial management in nursing administration.
- Review of the essential skills required for nursing financial oversight.
- Discussion on the delegation and teaching of financial control within nursing teams.
Main Results:
- Fiscal knowledge is a critical skill for nursing administrators to gain influence.
- Nursing financial management involves complex, ongoing processes essential for institutional success.
- Nursing leaders must embrace and teach financial management principles.
Conclusions:
- Nursing administrators must master financial management to secure organizational power.
- Delegating financial control to the nursing management team is a key strategy.
- Nursing must proactively address and accept responsibility for the business aspects of the profession.