2.50
Hdl Handle:
http://hdl.handle.net/10755/182204
Category:
Abstract
Type:
Presentation
Title:
The Business Case for Magnet
Author(s):
King, Donna
Author Details:
Donna King, BSN, MBA,RN, NE-BC, FACHE, Vice President Clinical Operations/Chief Nurse Executive, Advocate Illinois Masonic Medical Center, Chicago, Illinois, USA, email: donna.king@advocatehealth.com
Abstract:
Podium presentation, ANCC National Magnet Conference: Creating the business case for Magnet designation requires a vision bringing together the entire executive team. An influential CNO can present compelling evidence that the positive impact on patients, staff and physicians is an organizational investment and the hospital's most fundamental asset. Innovative partnerships that align the CNO and CFO's objectives are leveraged over time. This partnership enhances the credibility of the CNO and serves as the vital link to unite executive understanding and endorsement of the Magnet Model. The essential engagement of the CFO in implementation of the nursing strategic plan allows for translation of the Magnet journey's impact to the organization's financial bottom line. Successes include implementing an innovative approach to nursing recruitment and retention resulting in significant expense reductions, engaging organizational support for shared governance idea implementation to improve patient care resulting in top decile performance, and optimizing reimbursement from governmental payers and insurance plans based on Magnet recognition leading to enhanced financial strength. Understanding the discrete stages of an evolving organization and its outcomes is accomplished via a retrospective view of a decades worth of key milestones. In a unique perspective, the CFO relates economic challenges, illuminating those replicable strategies that nursing leaders can utilize to build executive support for Magnet designation. The platform for investment outlines tactics that impact the emotional, intellectual, capital and manpower resources of the hospital. Ultimately the return on investment is measured and executives view the Magnet program goals and those of the organization as one.
Repository Posting Date:
28-Oct-2011
Date of Publication:
28-Oct-2011
Conference Date:
2010
Conference Name:
ANCC National Magnet Conference
Conference Host:
American Nurses Credentialing Center
Conference Location:
Phoenix, Arizona, USA
Description:
The 14th American Nurses Credentialing Center (ANCC) National Magnet Conference, held 13-15 October, 2010 at the Phoenix Convention Center in Phoenix, Arizona, USA.
Note:
This is an abstract-only submission. If the author has submitted a full-text item based on this abstract, you may find it by browsing the Virginia Henderson Global Nursing e-Repository by author. If author contact information is available in this abstract, please feel free to contact him or her with your queries regarding this submission. Alternatively, please contact the conference host, journal, or publisher (according to the circumstance) for further details regarding this item. If a citation is listed in this record, the item has been published and is available via open-access avenues or a journal/database subscription. Contact your library for assistance in obtaining the as-published article.

Full metadata record

DC FieldValue Language
dc.type.categoryAbstracten_US
dc.typePresentationen_GB
dc.titleThe Business Case for Magneten_GB
dc.contributor.authorKing, Donnaen_US
dc.author.detailsDonna King, BSN, MBA,RN, NE-BC, FACHE, Vice President Clinical Operations/Chief Nurse Executive, Advocate Illinois Masonic Medical Center, Chicago, Illinois, USA, email: donna.king@advocatehealth.comen_US
dc.identifier.urihttp://hdl.handle.net/10755/182204-
dc.description.abstractPodium presentation, ANCC National Magnet Conference: Creating the business case for Magnet designation requires a vision bringing together the entire executive team. An influential CNO can present compelling evidence that the positive impact on patients, staff and physicians is an organizational investment and the hospital's most fundamental asset. Innovative partnerships that align the CNO and CFO's objectives are leveraged over time. This partnership enhances the credibility of the CNO and serves as the vital link to unite executive understanding and endorsement of the Magnet Model. The essential engagement of the CFO in implementation of the nursing strategic plan allows for translation of the Magnet journey's impact to the organization's financial bottom line. Successes include implementing an innovative approach to nursing recruitment and retention resulting in significant expense reductions, engaging organizational support for shared governance idea implementation to improve patient care resulting in top decile performance, and optimizing reimbursement from governmental payers and insurance plans based on Magnet recognition leading to enhanced financial strength. Understanding the discrete stages of an evolving organization and its outcomes is accomplished via a retrospective view of a decades worth of key milestones. In a unique perspective, the CFO relates economic challenges, illuminating those replicable strategies that nursing leaders can utilize to build executive support for Magnet designation. The platform for investment outlines tactics that impact the emotional, intellectual, capital and manpower resources of the hospital. Ultimately the return on investment is measured and executives view the Magnet program goals and those of the organization as one.en_GB
dc.date.available2011-10-28T15:13:46Z-
dc.date.issued2011-10-28en_GB
dc.date.accessioned2011-10-28T15:13:46Z-
dc.conference.date2010en_US
dc.conference.nameANCC National Magnet Conferenceen_US
dc.conference.hostAmerican Nurses Credentialing Centeren_US
dc.conference.locationPhoenix, Arizona, USAen_US
dc.descriptionThe 14th American Nurses Credentialing Center (ANCC) National Magnet Conference, held 13-15 October, 2010 at the Phoenix Convention Center in Phoenix, Arizona, USA.en_US
dc.description.noteThis is an abstract-only submission. If the author has submitted a full-text item based on this abstract, you may find it by browsing the Virginia Henderson Global Nursing e-Repository by author. If author contact information is available in this abstract, please feel free to contact him or her with your queries regarding this submission. Alternatively, please contact the conference host, journal, or publisher (according to the circumstance) for further details regarding this item. If a citation is listed in this record, the item has been published and is available via open-access avenues or a journal/database subscription. Contact your library for assistance in obtaining the as-published article.-
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