In the news: How one MRP program demonstrated ROI
HCPro's Weekly Update on the ANCC Magnet Recognition Program®*, March 22, 2010
The Hospital of the University of Pennsylvania (HUP) received ANCC Magnet Recognition Program ® (MRP) status in 2007. And although the initial benefits—accolades and recognition for quality—were apparent immediately, the organization soon saw other ancillary returns on investment as well, the Healthcare Financial Management Association (HFMA) reports.
According to the HFMA, the 1,400-nurse hospital soon saw a variety of additional benefits beyond adding a prestigious logo to its moniker. These included improvements in:
- nurse vacancy rates
- patient satisfaction ratings
- an empowered nursing voice for clinical decision making and evidence-based practice
In fact, the organization was able to use money saved through a low turnover rate to improve staffing ratios on medical-surgical units and intermediate units.
Source: www.hfma.org
Related Products
-
Strategies for Nurse Managers
Strategies for Nurse Managers is a 12-page monthly how-to newsletter that was created exclusively to help you save time...
-
HCPro's Guide to Assessing, Pursuing, and Achieving Excellence
Begin your journey to designation or redesignation with this fully updated book and CD-ROM. You'll gain an understanding of...
-
HCPro's E-Mail Tools for the ANCC Magnet Recognition Program®, 2nd Edition
This resource provides you with 52 customizable e-mails you can send to staff each week to communicate the history, value...
-
The Project Director's Toolkit, Second Edition
Full of helpful tools, The Project Director's Toolkit: HCPro's Guide to Collecting Evidence and Writing Narratives for the...
-
Nursing-Sensitive Quality Indicators:
This 90-minute webcast discusses the nurse's role in quality improvement and offers practical tips to help you collect and...
Most Popular
- Articles
-
- Featured blog post: Nurses face felony charges after reporting physician to the Texas Medical Board
- Q/A: Volume requirement for reporting hydration services
- Topic: CMS, OESS post new security compliance review information, checklist
- HIPAA Q&A: Answering service messages
- News and briefs: Oklahoma Osteopathic Association against residency bill change
- What does case-mix index mean to you?
- QA:Coding multiple initial infusions
- Capturing all necessary codes for IUD insertion and removal can be challenging
- Catch up on what's new with injections and infusions
- OB services: Coding inside and outside of the package
- E-mailed
-
- Featured blog post: Nurses face felony charges after reporting physician to the Texas Medical Board
- Are your workforce members texting PHI?
- Q/A: Volume requirement for reporting hydration services
- Avoid the trap of probable diagnoses
- Arkansas woman convicted for HIPAA violation
- Q&A: Coding for protein malnutrition
- Q&A tackles coding questions about injections and infusions
- New conflicts of interest create new challenges
- Joint Commission Center announces handoff communication solutions
- Inside best practice: Reduce patient falls with a stoplight
- Searched