Crazy Watto, our galaxy bargain hunter, conducted a cost analysis and was shocked at the application and process fees involved in the “Magnet” and "Pathway" journeys. Take Watto's advice and hold on to your hat as you click the links and view the tickets. http://www.nursecredentialing.org/Magnet/ApplicationProcess/ApplicationFees.aspx
http://www.nursecredentialing.org/Pathway/ApplicationProcess/PathwayFees.aspx
Are you shocked? I must admit I was floored!!! Why do you suppose the fees are so escalated and why would facilities decided to designate much needed funds for this status when there is such a squeeze on health care finances at this time? We would love to hear your thoughts?
http://www.nursecredentialing.org/Pathway/ApplicationProcess/PathwayFees.aspx
Are you shocked? I must admit I was floored!!! Why do you suppose the fees are so escalated and why would facilities decided to designate much needed funds for this status when there is such a squeeze on health care finances at this time? We would love to hear your thoughts?
4 comments:
To say I am shocked is an understatement. Seems as though someone is padding their pockets. I wonder if there is anyone who regulates this process. I certainly understand why agencies may choose to put their money in other places. I suppose it is a balancing act and certainly it incrases the level of accountability.
While I, too, am shocked at the "price" of Magnet or Pathway status, I am not surprised that many hospitals choose to pursue it. As a consumer of healthcare, patients want the best, and Magnet status or Pathway status shows that the hospital is committed to excellence in every way. My guess is that hospitals who reach this status do not take long to recover their costs in being chosen over other hospitals who do not have that recognition.
EAMC in Opelika was pursuing the Magnet status for a time previous to the building expansion undertaken. I assume one reason to stop was to reallocate the funds to the building process. Another reason is that EAMC is the lone hospital in the Auburn / Opelika area so not much competition. However, EAMC has for the last few years been actively pursuing Baldridge status. Supposedly it is more prestigious. I will provide the link to the 2008 awards below. What certification are some of the other hospitals chasing??
Mary,
I am unfamiliar with the Baldridge status that you referred to you in your previous posting. Can you please provide some information regarding this recognition process?
Is it provided by the ANCC or some other accrediting agency?
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