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 10- to 12-slide Microsoft PowerPoint 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

You will be creating a PowerPoint presentation that provides a rationale for establishing, continuing, or stopping Magnet designation.  

Pretend that your presentation is being given in front of your Senior Leadership Team (both clinical and non-clinical professionals).  Your slides need to keep the attention of the group!  At the end of the presentation you must give a recommendation to the group – start the Magnet designation process, continue Magnet designation or discontinue Magnet designation.  Remember, this is a Graduate Finance Course – use objective criteria.  What is the cost versus benefit of Magnet status?  How does Magnet Status bring value to the organization?

Use the “Notes” feature in PowerPoint as your verbal narrative to the group.  Your word for word discussion should not be displayed on the slides, as you will quickly lose the attention of your audience!  Since this is a scholarly exercise, you will need to include APA citation and your last slide will be your reference page.  The Title Slide and Reference Slide(s) are not included in the 10-12 slide content requirement.

Here is the Week 6 PowerPoint Grading Rubric.

WEEK 6 PROJECT GRADING RUBRIC

Assignment Grading Criteria

Maximum Points: 80

Submitted a presentation explaining whether the allocation of resources outweighs the benefits gained from meeting the mission of: 70

• Increased patient or family involvement
• Increased patient outcomes
• Decreased patient safety events

Used correct spelling, grammar, and professional vocabulary. Cited current sources using APA format: 10

Total: 80 

PowerPoint should be at least 10 – 12 slides, not including cover slide and reference slide(s).

Utilize “Speaker Notes” for your presentation.  Do not be overly “wordy” on slides, as this will distract the audience during your presentation and is difficult to read within a presentation.

Make sure to include a “Reference Page” at the end of your PowerPoint.

Use graphics to engage the audience further.

Use bullet points as focal points.  As the presenter, provide verbal elaboration.