The Cost and Value of Magnet® Designation
This assignment will help you explore the cost-benefit of the Magnet® process.
Many hospitals that are considering Magnet® Accreditation or considering not to be reaccredited as Magnet® are concerned with the large fees associated with Magnet® recognition as well as the staff and consultant cost of Magnet® preparation.
As the chief nursing executive, you have been asked to prepare a presentation that includes answers to the following questions:
In terms of examining the nursing costs, does the allocation of resources outweigh the benefits gained from meeting the mission of:
Increased patient or family involvement

Increased patient outcomes

Decreased patient safety events