Volume 19, Issue 1 (April 2021)                   Nursing and Midwifery Journal 2021, 19(1): 29-40 | Back to browse issues page

XML Persian Abstract Print


Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:

Rezaei G, zeraatgari R. STUDY OF THE FINANCIAL MANAGEMENT KNOWLEDGE AND SKILLS OF NURSE MANAGERS: EVIDENCE FROM THE COMPARISON OF FARS, AND SISTAN AND BALUCHESTAN PROVINCES. Nursing and Midwifery Journal 2021; 19 (1) :29-40
URL: http://unmf.umsu.ac.ir/article-1-4312-en.html
1- Assistant Professor, Department of Accounting, University of Sistan and Baluchestan, Zahedan, Iran (Corresponding Author) , rezaac.1990@yahoo.com
2- Assistant Professor, Department of Accounting, University of Sistan and Baluchestan, Zahedan, Iran
Abstract:   (1736 Views)
Background & Aims: In recent years, the country’s healthcare sectors are faced with several financial challenges due to increased cost. This has necessitated nurse managers to build financial management skills to enable them to lead in the provision of effective and efficient care while reducing cost. This demands adequate knowledge and skills in financial management. Accordingly, the research examined the financial management knowledge and skills of nurse managers in public hospitals of Iran. Materials & Methods: The present study is a descriptive-analytical study based on a quantitative approach. Across-sectional design was employed using the census approach to collect data through a questionnaire from 269 nurse managers in public hospitals in two provinces of Fars and Sistan and Baluchestan. Data analyses were performed using descriptive and mean comparison tests (t-test and one-way ANOVA) via SPSS statistical software. Results: Nurse Managers in both provinces showed a low level of knowledge and skills in financial management. Gender, age, work experience, and level of education also did not affect the financial management skills of nurse managers. Also, the results showed that the level of knowledge of financial management skills (2.702) is higher than the ability to apply financial management skills (2.425) among nursing managers (t = 9.942 and P = 0.0005). Conclusion: Nurse Managers play a significant role in the financial management of hospitals but have inadequate knowledge, skills, and competence in financial management. Recommendations include well-structured training and education on financial management using a multidisciplinary approach to enable nurse managers to gain the required knowledge and skills. Continuous experiential learning and mentorship programs should be developed for nurses before the assumption of management positions.
Full-Text [PDF 526 kb]   (663 Downloads)    
Type of Study: Research | Subject: مدیریت پرستاری

References
1. Asamani JA, Naab F, Ofei AMA. Leadership styles in nursing management: Implications for staff outcomes. J Health Sci 2016; 6(1): 23-36. [DOI:10.17532/jhsci.2016.266]
2. Naranjee N, Ngxongo TSP, Sibiya MN. Financial management roles of nurse managers in selected public hospitals in KwaZulu-Natalprovince, South Africa. Afr J Prim Health Care Fam Med 2019; 11(1): 1-8. [DOI:10.4102/phcfm.v11i1.1981] [PMID] [PMCID]
3. Lim JY, Noh W. Key components of financial-analysis education for clinical nurses: Components of financial-analysis education. Nurs Health Sci 2015; 17(3): 293-8. [DOI:10.1111/nhs.12186] [PMID]
4. Chase LK. Nurse manager competencies. (thesis). Iowa: University of Iowa; 2010. [DOI:10.1093/acref/9780195301731.013.45732]
5. Noh W, Lim JY. Nursing productivity of tertiary general hospitals using financial statements. J Korean Acad Nurs adm 2019; 25(1): 35-41. [DOI:10.11111/jkana.2019.25.1.35]
6. Mcfarlan SJ. Evaluation of an educational intervention to improve nurse managers' understanding of and self-assessed competence with personnel budgeting. DNP project, University of Kentucky; 2015. [Google Scholar]
7. Baxter C, Warshawsky N. Exploring the acquisition of nurse manager competence. Nurse Lead 2014; 12(1): 46-59. [DOI:10.1016/j.mnl.2013.10.008]
8. Waxman KT, Massarweh LJ. Talking the talk: Financial skills for nurse leaders. Nurse Lead 2018; 16(2): 101-6. [DOI:10.1016/j.mnl.2017.12.008]
9. Naranjee N, Sibiya MN, Ngxongo TSP. Development of a financial management competency framework for Nurse Managers in public health care organizations in the province of KwaZulu-Natal, South Africa. Int J Afr Nurs Sci 2019; 11: 100-54. [DOI:10.1016/j.ijans.2019.100154]
10. Ofei AMA. Management practices of nurse managers in the Greater Accra Region. (thesis). Ghana: University of Ghana; 2015. [Google Scholar]
11. Thew J. Nurses can't afford to ignore healthcare costs. Health Lead 2015; 8(6): 26-41.
12. Walsh K. Managing a budget in healthcare professional education. Ann Med Health Sci Res 2016; 6(2): 71-3. [DOI:10.4103/2141-9248.181841] [PMID] [PMCID]
13. Anderson DM, Cronk R, Best L, Radin M, Schram H, Tracy JW, et al. Budgeting for environmental health services in healthcare facilities: A ten-step model for planning and costing. Int J Environ Res Public Health 2020; 17(6): 20-75. [DOI:10.3390/ijerph17062075] [PMID] [PMCID]
14. Rundio A. Nurse managers guide to budgeting and finance. 2nd ed. Indianapolis: Sigma Theta Tau International; 2016. [google book]
15. Rashidian A, Alinia C, Majdzadeh R. Cost-effectiveness analysis of health care waste treatment facilities in Iran hospitals; a provider perspective. Iran J Public Health 2015; 44(3): 352-60. [Pub Med]
16. Moran D, Wu AW, Connors C, Chappidi MR, Sreedhara SK, Selter JH, et al. Cost-benefit analysis of a support program for nursing staff. J Patient Saf 2020; 16(4): 250-4. [DOI:10.1097/PTS.0000000000000376] [PMID]
17. Than TM, Saw YM, Khaing M, Win EM, Cho SM, Kariya T, et al. Unit cost of healthcare services at 200-bed public hospitals in Myanmar: What plays an important role of hospital budgeting? BMC Health Serv Res 2017; 17(1): 1-12. [DOI:10.1186/s12913-017-2619-z] [PMID] [PMCID]
18. Bai Y, Gu C, Chen Q, Xiao J, Liu D, Tang S. The challenges that head nurses confront on financial management today: A qualitative study. Int J Nurs Sci 2017; 4(2): 122-7. [DOI:10.1016/j.ijnss.2017.03.007] [PMID] [PMCID]
19. Paarima Y, Kwashie AA, Ofei AMA. Financial management skills of nurse managers in Eastern Region of Ghana. Int J Afr Nurs Sci 2021; 14: 38-46. [DOI:10.1016/j.ijans.2020.100269]
20. Polit DF, Beck CT. Essentials of nursing research: Appraising evidence for nursing practice. 7th ed. Lippincott-Raven Publishers; 2014. [google book]
21. Newhouse J. Medical care costs: How much welfare loss? J Econ Perspect 1992; 8(3): 3-22. [DOI:10.1257/jep.6.3.3] [PMID]
22. Namazi M, Rezaie G. Modeling mediating role of management accounting information system, motivation, and organizational commitment in strategic planning and health service managers' creation of the budgetary slack. Manag Account Audit Knowl 2017; 6(24): 113-34. (Persian) [Google Scholar]

Add your comments about this article : Your username or Email:
CAPTCHA

Send email to the article author


Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

© 2024 CC BY-NC 4.0 | Nursing And Midwifery Journal

Designed & Developed by : Yektaweb