Innovation in nursing: a benefit/cost analysis.

S. A. Finkler, Christine Kovner, J. R. Knickman, G. Hendrickson

Research output: Contribution to journalArticle

Abstract

This study found that costs of implementing projects aimed at improving nurse recruitment and retention vary substantially. At 37 hospitals the costs ranged from a mean of $1,029 per bed for shared governance to $8,399 per bed for computer projects. For a typical 30-bed unit implementing a non-computer project, an average of 1,800 hours of personnel time was devoted to implementation. In most cases, hospitals found that the projects took more resources than expected to get off the ground. The benefit/cost results indicate that the potential annual savings in hospital operation costs associated with reduced length of stay were approximately $3,015 for each $1,000 of one-shot implementation costs spent per bed.

Original languageEnglish (US)
Pages (from-to)18-27
Number of pages10
JournalNursing economic$
Volume12
Issue number1
StatePublished - Jan 1994

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Hospital Costs
Cost-Benefit Analysis
Nursing
Costs and Cost Analysis
Length of Stay
Nurses

ASJC Scopus subject areas

  • Medicine(all)

Cite this

Finkler, S. A., Kovner, C., Knickman, J. R., & Hendrickson, G. (1994). Innovation in nursing: a benefit/cost analysis. Nursing economic$, 12(1), 18-27.

Innovation in nursing : a benefit/cost analysis. / Finkler, S. A.; Kovner, Christine; Knickman, J. R.; Hendrickson, G.

In: Nursing economic$, Vol. 12, No. 1, 01.1994, p. 18-27.

Research output: Contribution to journalArticle

Finkler, SA, Kovner, C, Knickman, JR & Hendrickson, G 1994, 'Innovation in nursing: a benefit/cost analysis.', Nursing economic$, vol. 12, no. 1, pp. 18-27.
Finkler SA, Kovner C, Knickman JR, Hendrickson G. Innovation in nursing: a benefit/cost analysis. Nursing economic$. 1994 Jan;12(1):18-27.
Finkler, S. A. ; Kovner, Christine ; Knickman, J. R. ; Hendrickson, G. / Innovation in nursing : a benefit/cost analysis. In: Nursing economic$. 1994 ; Vol. 12, No. 1. pp. 18-27.
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