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Finances related to patient care

Why must nurses understand finances and budgets when these activities are not directly related to patient care?

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One of the key reasons that nurses must understand finances and budgets when these activities are not directly related to patient care, is due to the fact that the nurses within most healthcare organizations must work within budgetary constraints, and these constraints are usually allocated to them from upper-level management in hospitals or other healthcare organizations. In addition, nurse leaders must have a more thorough knowledge of finances and budgets, due to the fact that these individuals would usually be making the plans by which to make the best use of the financial resources that are allotted them, and to ensure that the nurses that are under their supervision are effectively providing for the needs of patients in the most effective manner possible, based upon the financial resources that ...

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