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Hospital CEOs, CFOs, and nurse executives: opportunities for a new alliance.
J Healthc Manag. 1998 Mar-Apr; 43(2):136-51; discussion 152-4.JH

Abstract

This article examines the involvement of Utah acute care hospital nurse executives (NEs) in financial management roles. The authors surveyed NEs and their career supporters and hinderers. Findings suggest that NFs: 1. lack financial management skills, support, involvement, and satisfaction; 2. recognize financial management's importance and desire to improve performance; and 3. consider chief executive officers (CEOs) as their major supporters and chief financial officers (CFOs) their major hinderers in financial management. These "supporters" and "hinderers" of NEs showed consensus regarding the primacy of NEs' leadership and patient advocacy roles. These findings contrast with major professional association policy directives and expert opinions that advocate expanded financial management roles for NEs that will enable them to fully realize their executive potential. CEOs are positioned to establish norms that balance the traditional leadership-patient advocacy roles of NEs with newer financial management roles. CEOs can offer NEs and CFOs opportunities to improve NEs' financial management participation and performance. CEOs can provide empowerment and encourage CFOs to offer NEs "power tools" (for example, information, expertise, resources, and support). The three groups, however, must negotiate reasonable expectations for NEs in financial management and adequate preparation for these consequent responsibilities. Together, CEOs, CFOs, and NEs can successfully take hospitals into the future by leading them in ongoing learning and change.

Authors+Show Affiliations

University of Utah, USA. richard.dwore@health.utah.eduNo affiliation info availableNo affiliation info availableNo affiliation info availableNo affiliation info availableNo affiliation info availableNo affiliation info availableNo affiliation info available

Pub Type(s)

Journal Article

Language

eng

PubMed ID

10179016

Citation

Dwore, R B., et al. "Hospital CEOs, CFOs, and Nurse Executives: Opportunities for a New Alliance." Journal of Healthcare Management / American College of Healthcare Executives, vol. 43, no. 2, 1998, pp. 136-51; discussion 152-4.
Dwore RB, Murray BP, Fosbinder D, et al. Hospital CEOs, CFOs, and nurse executives: opportunities for a new alliance. J Healthc Manag. 1998;43(2):136-51; discussion 152-4.
Dwore, R. B., Murray, B. P., Fosbinder, D., Parsons, R. P., Smith, P., Dalley, K., Vorderer, L., & Gustafson, G. (1998). Hospital CEOs, CFOs, and nurse executives: opportunities for a new alliance. Journal of Healthcare Management / American College of Healthcare Executives, 43(2), 136-51; discussion 152-4.
Dwore RB, et al. Hospital CEOs, CFOs, and Nurse Executives: Opportunities for a New Alliance. J Healthc Manag. 1998 Mar-Apr;43(2):136-51; discussion 152-4. PubMed PMID: 10179016.
* Article titles in AMA citation format should be in sentence-case
TY - JOUR T1 - Hospital CEOs, CFOs, and nurse executives: opportunities for a new alliance. AU - Dwore,R B, AU - Murray,B P, AU - Fosbinder,D, AU - Parsons,R P, AU - Smith,P, AU - Dalley,K, AU - Vorderer,L, AU - Gustafson,G, PY - 1998/2/6/pubmed PY - 1998/2/6/medline PY - 1998/2/6/entrez SP - 136-51; discussion 152-4 JF - Journal of healthcare management / American College of Healthcare Executives JO - J Healthc Manag VL - 43 IS - 2 N2 - This article examines the involvement of Utah acute care hospital nurse executives (NEs) in financial management roles. The authors surveyed NEs and their career supporters and hinderers. Findings suggest that NFs: 1. lack financial management skills, support, involvement, and satisfaction; 2. recognize financial management's importance and desire to improve performance; and 3. consider chief executive officers (CEOs) as their major supporters and chief financial officers (CFOs) their major hinderers in financial management. These "supporters" and "hinderers" of NEs showed consensus regarding the primacy of NEs' leadership and patient advocacy roles. These findings contrast with major professional association policy directives and expert opinions that advocate expanded financial management roles for NEs that will enable them to fully realize their executive potential. CEOs are positioned to establish norms that balance the traditional leadership-patient advocacy roles of NEs with newer financial management roles. CEOs can offer NEs and CFOs opportunities to improve NEs' financial management participation and performance. CEOs can provide empowerment and encourage CFOs to offer NEs "power tools" (for example, information, expertise, resources, and support). The three groups, however, must negotiate reasonable expectations for NEs in financial management and adequate preparation for these consequent responsibilities. Together, CEOs, CFOs, and NEs can successfully take hospitals into the future by leading them in ongoing learning and change. SN - 1096-9012 UR - https://www.unboundmedicine.com/medline/citation/10179016/Hospital_CEOs_CFOs_and_nurse_executives:_opportunities_for_a_new_alliance_ L2 - http://ovidsp.ovid.com/ovidweb.cgi?T=JS&PAGE=linkout&SEARCH=10179016.ui DB - PRIME DP - Unbound Medicine ER -