Make your management count – How does knowing my budget empower me?

Make your management count – How does knowing my budget empower me?

I am assuming that none of you are accountants; that, in fact, you started nursing not to manage budgets but to care for patients. Many of you have, to date, managed to avoid the whole ikky conversation about managing money in your units. We get that.

But by developing this basic financial language and practice – it gives you the ticket to negotiate for a better deal for your team and your patients.

It will give you credibility.  You will be more successful in your requests and you can argue from a stronger, more informed position.

And you will need to because there seems to be a total scorched-earth approach to financial policy at all levels of government and in our organisations.  Sometimes it seems that the finances are more important than the patients! You know that:

  • Productivity saving expectations are increasing.
  • There is uncertainty  and insecurity in many areas.
  • The ongoing cost shifting and discourse between Federal and state governments makes like incredibly uncertain.
  • Targets are imposed which are sometimes difficult to attain.

All these complexities affect you, your team and your patients/clients and residents.

This is when you as a manager need to create certainty.  You need to know what’s happening and how to position your team to take full advantage of this.  You need to understand the parameters you are working within – the ones you can change and the ones your can’t.

Graduates of our Make Your Management Count (Managing Budgets) have said that by doing this program, it is like they have been given a key to a room that has always been closed to them – the room where the resources are discussed and negotiated; where decisions are made about what will actually happen in their units.  And once they are in the room, they suddenly understand the language that is being spoken for the first time.  And they can hear whether the conversation reflect reality or not.  They feel a sense of confidence to contribute and even correct the assumptions that are made about what resources are needed in their unit.  When nurse managers understand the finances, they get the key to the room and a seat at the table – because they are speaking the right language.  When nurse managers are given responsibility to manage their budgets, they have more control over what is spent – and can more effectively rein in expenditure or find ways to grow their revenue.

In this module, they will develop an understanding, skills, strategies and the confidence to manage the people and money in their teams. Registration has begun for the workshop on 5 May 2017 at the Arthur J Gallagher Offices, 4/289 Wellington Parade S, Melbourne VIC 3000, Australia. Register by clicking on the button below.

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