The Business Case for Magnet® Designation Using Data to Support Strategy

The Magnet (R) journey has increased in relevance as the sources of evidence reflect the complex role of the nurse in quality, safety, and the patient care experience. Creating a business case to secure the resources required to embark and travel on the Magnet journey is an essential tool for the chief nurse. Identifying expenses, cost savings or avoidance, and return on investment for nursing services are all important elements of a business case.

Automated summary

The relevance of the Magnet journey has increased due to the sources of evidence reflecting the complex role of nurses in quality, safety, and patient care experience. Creating a business case is an essential tool for chief nurses to secure the resources needed for the Magnet journey. Identifying expenses, cost savings, and return on investment for nursing services are important elements of the business case.