Nurse Managers Flex Their Budgetary Might

Financial competencies as investigated in the nursing field: Findings of a scoping review

“…Six studies were cross‐sectional or descriptive (e.g., Carruth et al, 2000 ), four mixed both qualitative and quantitative approaches (e.g., Ruland & Ravn, 2003 ), three were pre/post or quasi‐experimental study designs (e.g., Krugman et al, 2002 ), whereas two were qualitative (e.g., Naranjee et al, 2019 ). The remaining six did not specify the design (e.g., Davis, 2005 ).…”

“…When reported, participants were all (Blaney & Hobson, 1988 ; McFarlan, 2020 ; Scalzi & Wilson, 1991 ) or the majority female (Carruth et al, 2000 ; Erjavec & Starc, 2017 ; Paarima et al, 2021 ); their average age was from 38.4 (Blaney & Hobson, 1988 ) to 49 years (Poteet et al, 1991 ; Scalzi & Wilson, 1991 ), and the average experiences in management ranged from >2 or 3 (Erjavec & Starc, 2017 ; Lim & Noh, 2015 ) to 10 years (Scalzi & Wilson, 1991 ) up to 30 (Erjavec & Starc, 2017 ). In a few studies, the educational background of participants was described, ranging from diploma (51.9%, Scalzi & Wilson, 1991 ), to bachelor and masters (Erjavec & Starc, 2017 ; Paarima et al, 2021 ) and first‐degree holders (47.9%, Paarima et al, 2021 ); in only one study, some participants were reported to be educated at the doctorate level (e.g., 4 out of 226; McFarlan, 2020 ).…”

“…Outcomes have been assessed in seven studies with validated tools, namely, (a) the Financial Management Competency Self‐Assessment (FMCA) and the Financial Knowledge Assessment (FKA) on the financial literacy of nurse leaders (Brydges et al, 2019 ); (b) the Budget‐related Behaviour scale on budget preparation, planning and control (Carruth et al, 2000 ); (c) the Health Service Managers Role and Careers (Courtney et al, 2002 ); (d) the Quality Review Checklist on students' opinions about technical and instructional quality of the modules (Edwardson & Pejsa, 1993 ); (e) the Chase's Nurse Manager Competency Instrument (Erjavec & Starc, 2017 ); (f) the Nurse Manager Skills Inventory Tool (McFarlan, 2020 ); and (g) the Nurse Managers Competencies Instrument (NMCI) (Paarima et al, 2021 ). However, ad hoc questionnaires ( n = 4, e.g., Johnson, 1987 ) and surveys ( n = 5, e.g., LaFevers et al, 2015 ) were also used.…”

“…As reported in Table 1 , developing educational programmes or evaluating their effectiveness by also including technologies ( n = 10, e.g., Sharma et al, 2021 ) was the most frequent aim of the studies retrieved; to a lesser extent, the role as enacted by nurses in the context of financial management ( n = 6, e.g., Carruth et al, 2000 ), the financial competencies/knowledge possessed ( n = 5, e.g., Paarima et al, 2021 ), the challenges/needs perceived regarding the financial issues ( n = 4, e.g., Bai et al, 2017 ) and the tool validation to assess such competencies was investigated ( n = 1, Brydges et al, 2019 ).…”

“…Studies involved different participants, from nurse executives ( n = 7 e.g., Scalzi & Wilson, 1991 ) to nurse managers ( n = 9, e.g., Carruth et al, 2000 ; Paarima et al, 2021 ), and registered nurses ( n = 4, e.g., Davis, 2005 ). Moreover, studies involved homogeneous profiles ( n = 10, Blaney & Hobson, 1988 ) such as nurse managers/leaders (e.g., Erjavec & Starc, 2017 ; Paarima et al, 2021 ), executives (Brydges et al, 2019 ), graduate students (Edwardson & Pejsa, 1993 ) or nurse practitioners (LaFevers et al, 2015 ).…”