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Financial Management for Nurse Managers

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6m of CPD
When you first start nursing, you probably don't consider learning about budgeting and finances to be a priority. Whilst the benefits of humanistic and commitment-based management are significant, understanding finances and budgets is an undeniably important healthcare manager skill.

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    6m of CPD
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What is this article about?

When you first start nursing, you probably don't consider learning about budgeting and finances to be a priority. Over your career, however, you may find that these skills become increasingly important. Whilst the benefits of humanistic and commitment-based management are significant, it cannot be denied that having an understanding of finances and budgets is an important healthcare manager skill.

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  • CPDTime.
    6m of CPD

Meet the educator

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Madeline Gilkes
Madeline Gilkes, CDE, RN, is a Fellow of the Australasian Society of Lifestyle Medicine. She focused her Master of Healthcare Leadership research project on health coaching for long-term weight loss in obese adults. Madeline has found a passion for preventative nursing. She has transitioned from leadership roles (CNS Gerontology & Education, Clinical Facilitator) in the acute/hospital setting to education management and primary healthcare. Madeline’s vision is to implement lifestyle medicine to prevent and treat chronic conditions. Her research proposal for her PhD involves Lifestyle Medicine for Type 2 Diabetes Mellitus. Madeline is a Credentialled Diabetes Educator (CDE) and primarily works in the academic role of Head of Nursing. Madeline’s philosophy focuses on using humanistic management, adult learning theories/evidence and self-efficacy theories and interventions to promote positive learning environments. In addition to her Master of Healthcare Leadership, Madeline has a Graduate Certificate in Diabetes Education & Management, Graduate Certificate in Adult & Vocational Education, Graduate Certificate of Aged Care Nursing, and a Bachelor of Nursing. She is working towards her PhD.
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43 reviews by Ausmed Learners
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Sunita Sharma
20 May 2023
Registered Nurse
Useful learnings
Portrait of Pauline Aurora Moody
Pauline Moody
08 Apr 2021
This article was short and precise giving a quick overview of a comprehensive subject.
RT
Rachel Tabib
31 May 2020
Informative & relevant
KC
Kylie Collier
07 Apr 2023
Registered Nurse
good
Portrait of Sarah Guerrera
Sarah Guerrera
05 Jun 2021
Relevant and informative
Portrait of Katherine Grosvenor
Katherine Grosvenor
13 Mar 2023
Registered Nurse
This section is great to understand the financial stressors of hospitals that are managed by nurse unit managers in a variety of clinic and practice settings
TG
Toni Gibson
21 Sep 2021
Aiming to improve knowledge about management.
4.4 / 5
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