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A specialty certification incentive program. Costs versus benefits.

K R Simpson

    Journal of Nursing Staff Development : JNSD
    |July 1, 1990
    PubMed
    Summary
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    Nurse certification offers significant benefits, reducing hospital costs in recruitment, retention, and patient care quality. This study explores the financial implications and incentive programs for specialty certification, aiding staff development educators.

    Area of Science:

    • Nursing Professional Development
    • Healthcare Management
    • Health Economics

    Background:

    • Professional certification for nurses is increasingly recognized for its value.
    • Initial costs of certification may deter nurses and institutions.
    • Certification impacts key hospital expenditures, including staff retention, recruitment, liability, and patient care quality.

    Purpose of the Study:

    • To analyze the financial implications of nurse certification.
    • To report on the development of a hospital incentive program supporting nurse certification.
    • To provide data for staff development educators to evaluate the cost-benefit ratio of specialty certification.

    Main Methods:

    • Financial analysis of certification costs versus institutional savings.

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  • Description of a hospital-based incentive program for nurse certification.
  • Evaluation framework for cost-to-benefit analysis of specialty certification.

    • Main Results:

    • Certification can lead to reduced hospital expenditures.
    • Incentive programs can facilitate nurse attainment of specialty certification.
    • The cost-benefit ratio of certification is favorable when considering long-term savings.

    Conclusions:

    • Nurse certification provides a positive return on investment for healthcare institutions.
    • Implementing incentive programs is crucial for maximizing the benefits of nurse certification.
    • Staff development educators can utilize this information to advocate for and implement certification support programs.