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- share financial expectations with staff so they are aware of financial goals
- ensure staffing costs remain within the budgeted amounts
- maintenance of operating and physical plant costs
- ensure the staff has access to necessary equipment and supplies
* make sure staff knows how to effectively use such equipment

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Other than providing information on what resources are out there the main role of the floor nurse is to demonstrate comfort to the ill and anxious patient. It is okay for the nurses to not have all the answers in regards to finances, it is more important to provide a strong support network.

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In order to understand the multifaceted functioning of a hospital and accurately patient questions on finances proper education is necessary. Clinical nurses should be educated on the basic structure of accounting and financial statements as well as the application of financial management in hospitals.

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Nurses can help relieve patient's and family's  of their financial distress. Financial distress is caused by: high out of pocket costs, loss of work -related income and accumulates debts. Long term patient stays can be costly, but there are resources available to not break the bank.

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Overall, nursing management plays a more substantial role in allocating financial resources; however, nurses play an important role as well. Nurses can offer information on copay assistance programs.

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Management is responsible for ensuring accurate charging of patient care mechanisms such as dressing changes. Education also plays a role in terms of informing nurses on the financial implications of patient care decisions. This involves working with case management to devise a plan to cover the costs of treatment.

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Financial responsibilities of nursing management 

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Financial responsibilities of nursing management 

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The role of finances in terms of nursing management includes developing an operating budget as well as a long term capital expenditure plan. This can be eased by applying business models and applying fundamental concepts of economics.