The business case for Magnet

J Nurs Adm. 2010 Jun;40(6):263-71. doi: 10.1097/NNA.0b013e3181df0fd6.


The author describes the role of the chief nurse executive in delivering a business case for the Journey to Magnet Excellence. Calculating a return on investment provides clear measurement of benefits of the credential and can be used to evaluate upfront resources that result in a longer-term gain. The range of cost savings that can possibly be achieved for a typical 500-bed hospital is presented. Although not every hospital will achieve the level of performance implied by the national assumptions, securing only a modicum of the potential level of cost improvement will ensure a multifold return on the investment required.

MeSH terms

  • Cost-Benefit Analysis
  • Humans
  • Job Satisfaction
  • Nurse Administrators / economics*
  • Nursing Staff, Hospital / economics*
  • Nursing Staff, Hospital / supply & distribution
  • Personnel Selection / economics*
  • Personnel Turnover / economics*
  • Quality Assurance, Health Care / economics*