Finance: The Avoided Topic in Nursing

The healthcare system in the United States is under great economic pressure to change. While nurses see patients and clinical outcomes as their priorities, unit leaders and staff nurses struggle to see the topic of finance as part of their role. To keep up with the ever-changing demands of healthcare in all organizations, it is imperative that nurses enhance their financial knowledge and develop skills to both earn and maintain a seat at the table in the allocation of dollars and FTEs. It is also important that nursing leaders create an educational plan for their financial growth and that of their team. Educating staff and being transparent about department/organizational finance helps team members understand how their actions impact the finances of their department.

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