Supplemental materials for Nursing-Led Savings
Review TypeNone: Professionally Edited Material
Repository Posting Date2019-03-29T15:25:23Z
Author DetailsPaula Agosto, MHA, RN, is the Chief Nurse Officer at Children's Hospital of Philadelphia (CHOP). Megan Bernstein, BSN, RN, CPN, CCRN, is a Clinical Nurse Expert in the PICU at CHOP. Cheryl Gebeline-Myers, MS, is the Senior Director of Clinical Services and Programs in the Office of Safety & Medical Operations at CHOP. Jackie Noll, MSN, RN, CEN, is a Senior Director of Nursing at CHOP. Jessica Steck, BSN, RN, CPN, is a Clinical Nurse at CHOP.
Lead Author Sigma AffliationAlpha Nu
Lead Author AffliationChildren's Hospital of Philadelphia
Original PublisherSigma Theta Tau International
Level of EvidenceExpert Opinion (nationally recognized)
Keywordscost-saving solutions; bedside financial stewardship; healthcare finance; CHOP Improvement Framework; improvement methodologies; nonlabor expense reduction; shared governance; Children’s Hospital of Philadelphia
These supplemental materials from Nursing-Led Savings include Chapter 1, "Financial Stewardship: Framing the 'Why,'" among other items. More about the 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 Hospi-tal 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 stream-lines 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
This item record pertains to an excerpt from Nursing-Led Savings, which is provided free of charge by the publisher. To purchase the entire book from the publisher click here.
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Date of Publication2019
Citation of Original PublicationAgosto, P., Bernstein, M., Gebeline-Myers, C., Noll, J., & Steck, J. (2020). Nursing-led savings. Indianapolis, IN: Sigma Theta Tau International. Retrieved from http://hdl.handle.net/10755/17095
ISBN: PDF: 9781948057189
ISBN: Mobi: 9781948057196
ISBN: ePub: 9781948057172
Version of PublicationPublisher’s Version
NotesAll rights reserved. This book is protected by copyright. No part of it may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without written permission from the publisher. Any trademarks, service marks, design rights, or similar rights that are mentioned, used, or cited in this book are the property of their respective owners. Their use here does not imply that you may use them for a similar or any other purpose.
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