Summary

Human outlines with the words Resources, Management, Plan, Controlling, System, Budget Planning, Project team and Quality superimposed
Image by Gerd Altmann from Pixabay

It is essential that nurses, and especially nurse managers, understand financial management because budgets have the capacity to influence patient care, ability to meet unit goals and institute needed changes. Although we’ve only talked very briefly about developing budget justifications, the capacity for building strong arguments to retain existing services and to add services influences the quality of patient care.  Nurses need to be at the table for these discussions and must be sufficiently fluent in the language of budgets and finance to participate in an informed way.

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Leadership for Nurses in Clinical Settings by Dr. Kirsten Woodend, Dr. Catherine Thibeault, Dr. Manon Lemonde, Dr. Janet McCabe is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.

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