Magnet Status Case Study

Magnet status yields a long list of benefits related to improved quality of care and nurse job satisfaction. Most of these benefits have a direct relationship to lower costs. Earlier studies have found Magnet hospitals to have shorter lengths of stay and improved patient outcomes and that the culture of safety that is inherent in Magnet hospitals significantly contributed to patient safety. Other studies have shown a compelling association between Magnet status and significantly improved mortality rates 30 days from admission. Many of these benefits translate to lower operational costs for Magnet hospitals. For example:
•A decrease in the incidence of pressure ulcers and falls has been associated with gaining Magnet status. Several studies have shown that hospitalized patients with hip fractures were less likely to develop pressure ulcers in a Magnet hospital with an average cost-savings of $43,180 per case. Evidence also points to a lower rate of patient falls in Magnet hospitals. One study estimated the cost per hospitalization for patient falls at $33,894. Magnet hospitals have a reported 10.3% lower fall rate.
•Nurse safety is significantly

Having the hospital’s nursing department listed in the top 6% in the nation attracts health care professionals and consumers alike. Attaining Magnet status also offers marketing opportunities. Being able to apply the Magnet logo to ads, publications, and presentations tells the world that the facility is one of the best. There’s also the ability to list Magnet designation in bond ratings and risk management assessments and being among those listed in U.S. News and World Report as a national best hospital. It all adds up to a powerful case that shows the benefits of Magnet status can translate to improved operational costs and facility