PREDICTORS OF FINANCIAL COMPETENCIES AMONG NURSE MANAGERS IN SAUDI ARABIA
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Date
2025
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Saudi Digital Library
Abstract
Background: Financial competency is a critical skill for nurse managers to ensure
effective resource allocation, cost control, and financial sustainability in healthcare
organizations. Despite its importance, global studies reveal moderate to low levels
of financial skills among nurse managers, with a notable research gap in Saudi
Arabia.
Aim: This study aims to identify the predictors of financial competency among
nurse managers in Saudi Arabia and explore the variation in competencies based
on socio-demographic, work-related, and organizational variables.
Methods: A descriptive correlational, cross-sectional study design was used. A
total of 211 nurse managers from public hospitals across three regions participated
by completing an electronic survey. Financial competencies were measured using
the Nurse Managers Competencies Instrument (NMCI). Data were analyzed using
descriptive statistics, t-tests, ANOVA, Pearson correlation, and multivariate linear
regression, with a significance level set at p < 0.05.
Results: The overall mean NMCI score was 3.42 (SD = 0.47), indicating moderate
financial competency. About 45.5% of the participants had moderate competency,
39.8% high competency, 4.3% excellent, and 10.4% low. Significant differences
were found based on education level (p = 0.007), job title (p = 0.031), financial
training (p < 0.001), and department turnover rate (p = 0.044). Regression analysis
showed that age (p < 0.001), total nursing experience (p < 0.001), and monthly
salary (p < 0.001) were strong positive predictors, while the number of dependents
was a negative predictor (p = 0.002).
Conclusion: Financial competencies among Saudi nurse managers were moderate,
with professional experience, education, and salary being key predictors. Targeted
training programs are recommended to enhance financial skills in nursing
leadership.
Keywords: Financial competency, Nurse managers, Predictors, Saudi Arabia,
Nursing leadership
Description
This study aims to explore the financial competencies of nurse managers in
Saudi Arabia and identify the factors that predict these competencies. The chapter
begins by providing an overview of the importance of nursing in healthcare
systems globally and in Saudi Arabia, followed by a discussion on the key roles
and responsibilities of nurse managers, particularly in financial management. It
also highlights the significance of financial competency in healthcare leadership,
its development, and the consequences of its absence. The chapter concludes by
addressing the research gap in financial competency studies within the Saudi
context and outlines the aim, research questions, and definitions of key terms for
the study.
Keywords
Financial competency, Nurse managers, Predictors, Saudi Arabia, Nursing leadership