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What is Financial Management in Nursing about?

Financial management is the process of arranging funds for an organization to function effectively and includes activities like budgeting. It is important for healthcare organizations as they require significant funds for infrastructure, equipment, services, and more. Nurses need to play a role in financial management by having a basic understanding of budgets and finding ways to reduce costs while still providing quality patient care. A budget is a detailed financial plan that focuses on an organization

Author

Sujatha J Jayabal

Language

EN