Examining the Cost-Benefit Analysis of Clinical Associates: An Innovative Preceptorship Model for Nursing Programs and Practice Partners

2.50
Hdl Handle:
http://hdl.handle.net/10755/308580
Category:
Abstract
Type:
Presentation
Title:
Examining the Cost-Benefit Analysis of Clinical Associates: An Innovative Preceptorship Model for Nursing Programs and Practice Partners
Author(s):
Waldspurger Robb, Wendy J.
Lead Author STTI Affiliation:
Theta Rho
Author Details:
Wendy J. Waldspurger Robb, PhD, RN, wjrobb@cedarcrest.edu
Abstract:

Session presented on: Tuesday, November 19, 2013

Purpose: The global nursing shortage is impacted by a scarcity of clinical resources (practice sites, qualified instructors) and the exorbitant cost of clinical education (mandatory student-instructor ratios). In 2007, the Nursing Department of a small liberal arts women's college in the Northeastern United States received a FIPSE grant ($497,863.00) to examine the cost-benefit analysis of nursing education in order to reduce costs and improve quality in baccalaureate nursing programs (#P116B060261).

The specific goals of the investigation were to: 1) develop a replicable model to reduce the cost of nursing education, 2) improve the quality of the educational experience, 3) ease the nursing shortage, and 4) implement a hospital preceptor clinical model.

Methods: Financial variables of interest related to the hospital included the: 1) cost of Clinical Associate stipends, 2) cost of additional nurses for the clinical unit, 3) costs associated with nurse turnover (advertising, recruitment, hiring, orientation, training, productivity), and 4) savings related to shorter orientation of new graduate nurses who accepted positions on the unit after their clinical preceptorship. Financial variables of interest related to the college included: 1) faculty cost, 2) potential tuition gain, and 3) faculty workload. Additional data related to quality of the clinical experience will be presented.

Results: The financial analysis evaluated projected savings and expenditures of both the college and the partnering hospital. The presenter will share the results of the cost-benefit analysis of the preceptorship model utilizing registered nurse Clinical Associates in the practice setting.

Conclusion: This replicable, innovative preceptorship model: 1) demonstrated cost-effectiveness, actual and potential savings, for both the college and the practice partner, 2) resulted in improved quality of the clinical experience for students, and 3) allows for a potential increase in enrollment to help offset the shortage. Plans for sustaining the Clinical Associate model will be shared.

Keywords:
Collaborative partnerships; cost analysis; Clinical preceptorship
Repository Posting Date:
19-Dec-2013
Date of Publication:
19-Dec-2013
Conference Date:
2013
Conference Name:
42nd Biennial Convention
Conference Host:
Sigma Theta Tau International, the Honor Society of Nursing
Conference Location:
Indianapolis, Indiana, USA
Description:
42nd Biennial Convention 2013 Theme: Give Back to Move Forward. Held at the JW Marriott

Full metadata record

DC FieldValue Language
dc.language.isoen_USen_GB
dc.type.categoryAbstracten_GB
dc.typePresentationen_GB
dc.titleExamining the Cost-Benefit Analysis of Clinical Associates: An Innovative Preceptorship Model for Nursing Programs and Practice Partnersen_GB
dc.contributor.authorWaldspurger Robb, Wendy J.en_GB
dc.contributor.departmentTheta Rhoen_GB
dc.author.detailsWendy J. Waldspurger Robb, PhD, RN, wjrobb@cedarcrest.eduen_GB
dc.identifier.urihttp://hdl.handle.net/10755/308580-
dc.description.abstract<p>Session presented on: Tuesday, November 19, 2013</p><b>Purpose</b><b>: </b>The global nursing shortage is impacted by a scarcity of clinical resources (practice sites, qualified instructors) and the exorbitant cost of clinical education (mandatory student-instructor ratios). In 2007, the Nursing Department of a small liberal arts women's college in the Northeastern United States received a FIPSE grant ($497,863.00) to examine the cost-benefit analysis of nursing education in order to reduce costs and improve quality in baccalaureate nursing programs (#P116B060261). <p>The specific goals of the investigation were to: 1) develop a replicable model to reduce the cost of nursing education, 2) improve the quality of the educational experience, 3) ease the nursing shortage, and 4) implement a hospital preceptor clinical model. <p><b>Methods</b><b>: </b>Financial variables of interest related to the hospital included the: 1) cost of Clinical Associate stipends, 2) cost of additional nurses for the clinical unit, 3) costs associated with nurse turnover (advertising, recruitment, hiring, orientation, training, productivity), and 4) savings related to shorter orientation of new graduate nurses who accepted positions on the unit after their clinical preceptorship. Financial variables of interest related to the college included: 1) faculty cost, 2) potential tuition gain, and 3) faculty workload. Additional data related to quality of the clinical experience will be presented. <p><b>Results</b><b>: </b>The financial analysis evaluated projected savings and expenditures of both the college and the partnering hospital. The presenter will share the results of the cost-benefit analysis of the preceptorship model utilizing registered nurse Clinical Associates in the practice setting. <p><b>Conclusion</b><b>: </b>This replicable, innovative preceptorship model: 1) demonstrated cost-effectiveness, actual and potential savings, for both the college and the practice partner, 2) resulted in improved quality of the clinical experience for students, and 3) allows for a potential increase in enrollment to help offset the shortage. Plans for sustaining the Clinical Associate model will be shared.en_GB
dc.subjectCollaborative partnershipsen_GB
dc.subjectcost analysisen_GB
dc.subjectClinical preceptorshipen_GB
dc.date.available2013-12-19T17:33:11Z-
dc.date.issued2013-12-19-
dc.date.accessioned2013-12-19T17:33:11Z-
dc.conference.date2013en_GB
dc.conference.name42nd Biennial Conventionen_GB
dc.conference.hostSigma Theta Tau International, the Honor Society of Nursingen_GB
dc.conference.locationIndianapolis, Indiana, USAen_GB
dc.description42nd Biennial Convention 2013 Theme: Give Back to Move Forward. Held at the JW Marriotten_GB
All Items in this repository are protected by copyright, with all rights reserved, unless otherwise indicated.