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I just transferred to a new organization, and as a nurse manager, what kind of financial role should I expect to have at my new place of employment?

The authority and responsibilities of nurse managers differ from organization to organization. However, there are some core competencies that consistently are required of you. Interpersonal skills, resource management, time management, communication skills, and a clinical background are all part of the nurse manager's repertoire.

Some of the essential functions expected of the nurse manager include the following:

  • Develop a practical annual budget for a unit or department that includes volume, revenues, personnel, supplies, and capital equipment
  • Give weekly or monthly reports of budgetary variances to your supervisor and review end-of-year data with the finance department and the chief nurse executive
  • Ensure proper, efficient operations and monitor trends regarding staff, material, and supply usage
  • Communicate fiscal management expectations and outcomes to your staff and other stakeholders

KT Waxman, DNP, MBA, RN, CNL

(June 2010)