Business acumen for nursing leaders: A scoping review

Article

Raftery, Chris, Sassenberg, Anne-Marie and Bamford-Wade, Anita. 2022. "Business acumen for nursing leaders: A scoping review." Journal of Nursing Management. 30 (4), pp. 926-935. https://doi.org/10.1111/jonm.13593
Article Title

Business acumen for nursing leaders: A scoping review

ERA Journal ID14118
Article CategoryArticle
AuthorsRaftery, Chris (Author), Sassenberg, Anne-Marie (Author) and Bamford-Wade, Anita (Author)
Journal TitleJournal of Nursing Management
Journal Citation30 (4), pp. 926-935
Number of Pages10
Year2022
PublisherJohn Wiley & Sons
Place of PublicationUnited Kingdom
ISSN0966-0429
1365-2834
Digital Object Identifier (DOI)https://doi.org/10.1111/jonm.13593
Web Address (URL)https://onlinelibrary.wiley.com/doi/full/10.1111/jonm.13593
Abstract

Aim: The aim of this study is to explore the current evidence on business acumen of nurse leaders. Background: Health systems across the world are under immense pressure to stay solvent, maintaining services within a defined budget as we recover from the COVID-19 pandemic. Effective nurse leaders not only need to have strong leadership and management skills but also strong business acumen to navigate the complexity of the system. Evaluation: A scoping review of research was undertaken, using preferred reporting items for systematic reviews and meta-analyses (PRISMA) scoping extension checklist, with 571 studies found across multiple databases, 17 meeting final review eligibility. Key Issues: Findings were noted surrounding three themes: the value of business acumen in nursing, the gaining of business acumen in health care as a nursing leader and the utilizing business acumen as a nurse leader in the health care industry. Conclusion: While nursing leadership and management were well researched, limited studies covered the specific focus of business acumen in health care for nurses or broader clinicians. Implications for Nursing Management: While evidence points towards business acumen being important for health care leaders in balancing care and cost, inadequate research limits the recognition of these professional capabilities of nurse leaders. Further understanding could inform future policy and curriculum, as well as empower our next generation of clinicians.

Keywordsadministration; business; economics; leadership; nursing management
ANZSRC Field of Research 2020350399. Business systems in context not elsewhere classified
420309. Health management
420505. Nursing workforce
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Byline AffiliationsDepartment of Health, Queensland
School of Business
Institution of OriginUniversity of Southern Queensland
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