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Promoting intrepreneurship in the acute care setting
The Journal of Nursing Administration
|November 1, 1986
Summary
This study introduces a for-profit nurse consulting business to generate revenue and motivate nurse managers. The venture offers new services while prioritizing nursing staff needs and implementing profit-sharing models.
Area of Science:
- Healthcare Management
- Nursing Administration
- Entrepreneurship in Nursing
Background:
- Institutions and nursing departments face challenges in revenue generation and nurse manager motivation.
- Attracting, retaining, and motivating creative nurse managers is crucial for departmental success.
Purpose of the Study:
- To develop a unique for-profit nurse consulting business venture.
- To generate revenue for the institution and nursing department.
- To attract, retain, and motivate creative nurse managers by focusing on their needs.
Main Methods:
- Development of a for-profit nurse consulting business model.
- Implementation of profit-sharing methodologies.
- Marketing of innovative projects developed by nurse managers.
Main Results:
- Successful generation of new revenue streams through consulting services.
- Enhanced focus on the wants and needs of the nursing staff.
- Increased motivation and retention of creative nurse managers.
Conclusions:
- A for-profit nurse consulting venture can be a viable strategy for revenue generation and staff motivation.
- Integrating staff needs into business development fosters a more engaged and productive nursing department.
- Innovative projects marketed by nurse managers contribute to both financial success and professional development.