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April 17, 2024

NSG 7015 WEEK 6 PROJECT The Cost and Value of Magnet® Designation

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

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