Economics and Financial Management for Nurses and Nurse Leaders, Third Edition by Susan J. Penner RN MN MPA DrPH CNL

Author:Susan J. Penner, RN, MN, MPA, DrPH, CNL
Language: eng
Format: epub
Publisher: Springer Publishing Company, Inc.
Published: 2016-08-10T08:00:00+00:00

Additional financial analysis

Annual savings estimated at $4,657,018, so net savings of $4,591,089 the first year and $4,631,089 per year thereafter. For every dollar spent on this program, the nursing unit saves $70.64 in the first year and $179.61 in subsequent years. Even if the actual savings realized are more conservative than these estimates, the project appears to be financially feasible. It is advisable to explore the timeline for implementation.

Timeline

It appears feasible to plan and implement this project within 8 weeks.

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