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Nursing-Led Savings

By: Paula Agosto,Megan Bernstein,Cheryl Gebeline-Myers,Jackie Noll,Jessica Steck

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Nursing-Led Savings

By: Paula Agosto,Megan Bernstein,Cheryl Gebeline-Myers,Jackie Noll,Jessica Steck

The quest for cost savings in hospitals and health systems too often prompts leaders to rush to make major cuts in the largest budget line item: staffing and labor costs. Evidence shows, though, that cutting labor expenses, especially in nursing, negatively impacts both quality of care and overall profitability. Faced with cutting costs while continuing to provide extraordinary patient care, nurses at Children’s Hospital of Philadelphia (CHOP) decided to pave a different path. In the process, they created a new model of bedside-driven fiscal responsibility. Nursing-Led Savings shows organizational leaders at all levels how to develop and implement a robust, sustainable plan that eliminates waste and streamlines processes in everyday clinical work. This strategy involves: · Educating frontline staff on the importance of financial stewardship · Using a structured improvement approach to execute cost savings at the bedside · Engaging Nursing Shared Governance councils in implementation and oversight · Prioritizing non-labor expense reduction

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Page Count

174

Publisher

Sigma

Published Date

ISBN 10

1948057166

ISBN 13

9781948057165

Nursing-Led Savings

By: Paula Agosto,Megan Bernstein,Cheryl Gebeline-Myers,Jackie Noll,Jessica Steck

Write a review Read reviews Take a Quiz Solve Book Puzzle

Nursing-Led Savings

By: Paula Agosto,Megan Bernstein,Cheryl Gebeline-Myers,Jackie Noll,Jessica Steck

The quest for cost savings in hospitals and health systems too often prompts leaders to rush to make major cuts in the largest budget line item: staffing and labor costs. Evidence shows, though, that cutting labor expenses, especially in nursing, negatively impacts both quality of care and overall profitability. Faced with cutting costs while continuing to provide extraordinary patient care, nurses at Children’s Hospital of Philadelphia (CHOP) decided to pave a different path. In the process, they created a new model of bedside-driven fiscal responsibility. Nursing-Led Savings shows organizational leaders at all levels how to develop and implement a robust, sustainable plan that eliminates waste and streamlines processes in everyday clinical work. This strategy involves: · Educating frontline staff on the importance of financial stewardship · Using a structured improvement approach to execute cost savings at the bedside · Engaging Nursing Shared Governance councils in implementation and oversight · Prioritizing non-labor expense reduction

Average ratings

N/A

5

0%

4

0%

3

0%

2

0%

1

0%

Solve jigsaw puzzle

Age

Page Count

174

Publisher

Sigma

Published Date

ISBN 10

1948057166

ISBN 13

9781948057165