Simple tips to sharpen your financial skills as a nurse leader
As nurse leaders climb the career ladder and begin to manage teams and budgets, many find that the learning curve for the financial portion of their job is quite steep. Our guest for this episode is here to help nurses understand how they can meet this challenge and develop a better working relationship with their organization’s finance team.
Deborah Stilgenbauer is a rare breed. She’s a former bedside nurse who now works on the finance team at New York-Presbyterian Hospital, where she helps Chief Nurse Executives with their budgeting, variance reporting and staffing modeling.
Deborah and Dan talk about the biggest disconnect between nurses and finance, where she sees the biggest financial knowledge gap when it comes to nurse leaders, and how frontline clinicians can have a positive impact on their team’s budget.
They also talk about how New York-Presbyterian’s staff is doing in the wake of the city’s COVID surge this spring, as well as how the hospital has adjusted its staffing practices as a result.
Links to recommended reading:
The full transcript for this episode can be found here: www.trustedhealth.com/the-handoff-podcast/deborah-stilgenbauer