Financial Literacy as an Essential Element in Nursing Management Practice

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EXECUTIVE SUMMARY▸ Grooming nurses at all levels of the organization to master health care executive skills is critical to the organization's success and the individual's growth.▸ Selecting and executing next steps for nursing leadership team development is critical to success.▸ Leaders must make it their responsibility to provide nurses with increased exposure to quality, safety, and financial data, thereby allowing nurses to translate data while achieving and sustaining successful outcomes.▸ The work of the CNO Dashboard to measure, report, trend, and translate clinical and non-clinical outcomes must be integrated throughout all levels of nursing staff so that nursing practice is positioned to continually strive for best practice.▸ The education and evolution of nurses as business managers is critical to building a strong RN workforce.

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