Jove
Visualize
Contact Us
JoVE
x logofacebook logolinkedin logoyoutube logo
ABOUT JoVE
OverviewLeadershipBlogJoVE Help Center
AUTHORS
Publishing ProcessEditorial BoardScope & PoliciesPeer ReviewFAQSubmit
LIBRARIANS
TestimonialsSubscriptionsAccessResourcesLibrary Advisory BoardFAQ
RESEARCH
JoVE JournalMethods CollectionsJoVE Encyclopedia of ExperimentsArchive
EDUCATION
JoVE CoreJoVE BusinessJoVE Science EducationJoVE Lab ManualFaculty Resource CenterFaculty Site
Terms & Conditions of Use
Privacy Policy
Policies

Related Experiment Videos

Managing financial data

S Pelfrey1

  • 1School of Business Administration, Oakland University, Rochester, MI 48309-4401, USA.

Seminars for Nurse Managers
|March 1, 1997
PubMed
Summary
This summary is machine-generated.

This article details essential financial skills for nurse managers, covering accounting principles, financial reports, and budgeting. It empowers nurses to improve financial stewardship and drive change within healthcare institutions.

Related Concept Videos

You might also read

Related Articles

Articles linked to this work by shared authors, journal, and citation graph.

Sort by
Same author

Assurance services and healthcare.

The Journal of nursing administration·2000
Same author

The impact of IRS-mandated employee reclassification.

Healthcare financial management : journal of the Healthcare Financial Management Association·1997
Same author

Reporting community benefits.

Healthcare financial management : journal of the Healthcare Financial Management Association·1996
Same author

How nurses can make informatics work for them.

Seminars in perioperative nursing·1996
Same author

Cost-accounting techniques for health care providers.

The Health care supervisor·1995
Same author

Telecommuting and health care: a potential for cost reductions and productivity gains.

The Health care supervisor·1995
Same journal

The case against mandatory overtime.

Seminars for nurse managers·2003
Same journal

Succession planning: lessons from the legal field.

Seminars for nurse managers·2003
Same journal

Measuring leadership: measuring what counts for succession planning.

Seminars for nurse managers·2003
Same journal

Relationship management: a key strategy for effective succession planning.

Seminars for nurse managers·2003
Same journal

Defining generations in succession planning: there are four!

Seminars for nurse managers·2003
Same journal

Managing succession planning: the Inova Health System.

Seminars for nurse managers·2003
See all related articles

Area of Science:

  • Healthcare Management
  • Nursing Administration
  • Financial Literacy in Healthcare

Background:

  • Effective nurse management requires strong financial acumen.
  • Understanding financial reports and budgeting is crucial for operational success.
  • Nurses can play a vital role in institutional financial health.

Purpose of the Study:

  • To outline key financial skills for nurse managers.
  • To provide an overview of accrual accounting and financial reporting.
  • To discuss the role of nurse managers in budgeting and financial change initiatives.

Main Methods:

  • Review of fundamental accounting principles.
  • Explanation of common financial reports for nurse managers.
  • Discussion of budgeting processes and nurse-led financial improvements.

Related Experiment Videos

Main Results:

  • Nurses need to understand accrual accounting basics.
  • Key financial reports provide actionable insights for managers.
  • Budgets are essential tools for resource allocation and control.

Conclusions:

  • Developing financial literacy enhances nurse manager effectiveness.
  • Nurses can leverage financial knowledge to optimize resource use.
  • Empowering nurses as agents of financial change benefits healthcare organizations.