Nursing-Led Savings
The CHOP Guide to Cost-Savings Solutions, Bedside Financial Stewardship, and Improved Efficiency in Care-Delivery Systems
- 174 pages
- English
- PDF
- Available on iOS & Android
Nursing-Led Savings
The CHOP Guide to Cost-Savings Solutions, Bedside Financial Stewardship, and Improved Efficiency in Care-Delivery Systems
About this book
The quest for cost savings in hospitals and health systems too often prompts leaders to rush to make major cuts in the largest budget line item: staffing and labor costs. Evidence shows, though, that cutting labor expenses, especially in nursing, negatively impacts both quality of care and overall profitability. Faced with cutting costs while continuing to provide extraordinary patient care, nurses at Children's Hospital of Philadelphia (CHOP) decided to pave a different path. In the process, they created a new model of bedside-driven fiscal responsibility. Nursing-Led Savings shows organizational leaders at all levels how to develop and implement a robust, sustainable plan that eliminates waste and streamlines processes in everyday clinical work. This strategy involves: • Educating frontline staff on the importance of financial stewardship • Using a structured improvement approach to execute cost savings at the bedside • Engaging Nursing Shared Governance councils in implementation and oversight • Prioritizing nonlabor expense reduction
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Information
Table of contents
- Cover
- Endorsements
- Title Page
- Copyright Page
- Dedication
- Acknowledgments
- About the Authors
- Table of Contents
- Foreword
- Introduction
- Chapter 1: Financial Stewardship: Framing the "Why"
- Chapter 2: Building the Organizational Structure: Designing the "What"
- Chapter 3: Establishing the "Who": Enlisting the Bedside Nurses
- Chapter 4: Improvement Methodology: Translating the "How"
- Chapter 5: Nursing-Led Savings in Action: A Bedside Nurse's Perspective and Story
- Chapter 6: Forward Thinking and Final Thoughts
- Appendix: Key Driver Diagram (Nonsalary Expense Reduction)
- Index