Wendy O’Brien, BSN, MBA
Nurses serve as patient advocates and caregivers, and typically stay far away from the world of business and finances. But Beth Oliver, DNP, RN, FAAN, Chief Nurse Executive at Mount Sinai Health System, has always known nurses are critically connected to an organization’s financial health.
To address this connection, Dr. Oliver developed a first-of-its-kind position to substantiate the financial value of the more than 8,000 nurses at Mount Sinai Health System.
In 2021, Dr. Oliver appointed Wendy O’Brien, BSN, MBA, as Vice President and Chief of Nursing Finance for the Mount Sinai Health System with a goal of shining a light on the financial contribution and value of Mount Sinai nurses.
Ms. O’Brien brings more than two decades of professional front-line nursing and nursing leadership to her role, including serving as Vice President and Chief Nursing Officer at Mount Sinai West. As Chief Nursing Finance Officer, priorities include analyzing staffing practice across Mount Sinai sites, serving as a resource for nursing leadership to manage expenses, and partnering with the Office for Diversity and Inclusion to ensure equitable policies and practices in work assignments and compensation.
One of her priorities is to tie the work of nurses to revenue and illuminate how reduced readmission rates for hospitals can be directly based on education that is driven by nurses. She says, “Hospitals thrive because of nursing.” Nursing leads the initiatives in meeting quality outcomes, including patient experience and the prevention of injuries such as infections, pressure injuries, and falls. She explains, “It is the nurse’s work that is tied to that and therefore the revenue is tied to nursing.”
Ms. O’Brien was born on the island of Trinidad and spent her early years growing up in Brooklyn, where she attended Clara Barton High School for Health Professions. “In high school, the best students were the students in the nursing program. I had to join them,” she says. She graduated from the Practical Nursing Program at Clara Barton and continued her quest for knowledge and understanding. Her unusual career path, more than anything, was driven by her constant curiosity and desire to understand the synergy of people and the work they do.
After her family moved to New Jersey, Ms. O’Brien attended Seton Hall University in South Orange, earning a Bachelor of Science in Biology, all the while working as an LPN. Following her mother’s direction that she “should be a nurse,” she furthered her nursing education, attending Union County College in Union, New Jersey, while doing clinical rotations at Elizabeth General Hospital in Elizabeth, New Jersey, and earning her Associate Degree in Nursing. Ms. O’Brien went on to earn a Master of Business Administration in Health Care/Health Care Administration, Management, from Nova Southeastern University in Fort Lauderdale, Florida, and then returned to complete her Bachelor of Science in Nursing from Chamberlain University. Ms. O’Brien says, “Nursing has afforded me the life I have grown to love. Nursing has allowed me to be in touch with patients and people in need. It brought out the more compassionate side of me, and shapes who I am as a person.”
The COVID-19 pandemic shined a light on hospitals and health care systems and the delivery of front-line care to patients and communities. During this time, health systems faced historic numbers of patients, revenue losses, and unprecedented expenses. It may seem obvious that nursing is an investment towards financial profitability, but oftentimes the work nurses do every day is difficult to directly link to revenue.
“COVID-19 shined a light on the financial aspect; the need to staff appropriately to meet clinical outcomes,” Ms. O’Brien says. “Quality outcomes connect to and lead to fiscal viability.”
Nurses are often unaware of the costs of care for the settings in which they work, and Ms. O’Brien’s work in this distinctive role strives to quantify the work of the more than 8,000 Mount Sinai nurses and how it directly links to revenue—how nurses can decrease the risk of patient falls, or decrease rates of pressure injuries, and therefore prevent readmissions and impact lengths of stay.
Nurse staffing can provide considerable advantage to hospitals and, as a result, better financial performance. “This role of nursing leading finance is not completely adopted within nursing itself,” Ms. O’Brien says. “We are still tied to the clinical aspect of what we do that sometimes makes it hard to embrace the business side of it.”
Ms. O’Brien’s work underscores the true value of nursing in health care and the impact on society as a whole. She speaks for every nurse working at Mount Sinai Health System when she says, “Whatever happens in that microcosm of a hospital impacts the community. The community relies on us to provide that care.”