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Benefits

Achieving Magnet status serves patients, nurses and health care organizations. Learn what independent sources say about Magnet and how your organization can benefit.

Attract & Retain Top Talent
Improve Care, Safety & Satisfaction
Foster a Collaborative Culture
Advance Nursing Standards & Practice
Grow Business & Financial Success

Attract & Retain Top Talent
A growing body of research indicates that Magnet hospitals enjoy:

  • Increased RN retention and lower nurse burnout1,2,3
  • Decreased RN vacancy rate and RN turnover rate3,4,5
  • Increased RN satisfaction7,8,9,10,11

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Improve Patient Care, Safety & Satisfaction
Studies assessing links between the work environment for nurses and the patient safety climate find Magnet hospitals experience:
  • Increased patient satisfaction12
  • Decreased mortality rates13,14,15
  • Decreased pressure ulcers16,17,18
  • Decreased falls25-30
  • Patient safety and improved quality31-36

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Foster a Collaborative Culture
Magnet provides a multiyear framework for quality improvement and a structured means to engage staff in decision-making. This serves as a helpful tool for new CNEs or those looking to energize and motivate their teams. Team building, collaborating across disciplines and building staff engagement while difficult to quantify, are often results of the Magnet process.

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Advance Nursing Standards & Practice
Magnet provides a road map for excellence in nursing and can serve as a framework for organization a hospital nursing delivery system that elevates performance all around.

  • Improved efficient and effectiveness at unit levels37
  • Decreased mortality rates13,14,15
  • Decreased pressure ulcers16,17,18
  • Decreased falls25-30
  • Patient safety and improved quality31-36

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Grow Business & Financial Success
Magnet contributes to a facility's business stability and growth in multiple ways, including:

  • Reduction in RN agency rates6
    Decreased agency utilization was calculated in the millions of dollars for a typical 300-bed hospital.
  • Decreased RN vacancy rate and RN turnover rate3,4,5
    The Advisory Board 19 reported turnover costs of 1 RN at $42,000 to $64,000 because of costs of orientation and lost productivity.
  • Reduction in staff needlestick rates20-23
    Multiple studies report up to a one-third reduction in needlestick injuries in Magnet facilities at a cost of $405 per event.
  • Reduction in staff musculoskeletal and other injuries24
    Costs per musculoskeletal injury range from $50,000 to $100,000 per injury per nurse.

Magnet organizations continually report positive financial impacts including:

  • Increased press and media coverage focused on quality nursing care (up by 600% in one organization), reducing marketing expense.
  • Recognition by potential collaborator of the value of Magnet designation, increasing the likelihood and success of any partnership.
  • Enhanced ability to establish endowments. In one case, the family noted the historical contributions of nursing to the hospital mission and achievement of Magnet designation by nurses and the resulting high standards of practice.
  • Stronger bond rating due, in part, to the quality of the nursing department and Magnet recognition
  • Gained and maintained competitive advantage in regional markets.

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References [pdf]
The Business Case for Magnet: A CNO Toolkit
Initial Application - Process & Fees
Redesignation - Process & Fees
Journey to Magnet Excellence