Financial acumen increases nurse leader effectiveness

The prelicensure nursing curriculum rarely includes financial topics, but nurse leaders need financial acumen to be effective, 兔子先生member Vickie Swanson, MSN-HCSM, RN, chief nursing officer at Olympic Medical Center in Port Angeles, Wash., HealthLeaders Media. Nurses can acquire financial knowledge through AONL鈥檚 courses on building a budget, reimbursement models and general accounting principles. Swanson exposes her team to general ledger reviews. She also instructs nurses about contract negotiation and how to use financial data to assess the value of equipment acquisition. 鈥淚f you're not financially savvy, it's really hard to create the business case for attaining what you need,鈥 she said. (HealthLeaders Media , 12/24/21)