Abstract
This study addresses the cost to benefit ratio of a healthcare organization’s investment in specialty perioperative residency programs for newly licensed registered nurses and experienced registered nurse orienting into perioperative services. The outcomes for transition to practice residency programs is widely reported however a standardized approach to measuring and reporting cost to benefit ratios and return on investment to these programs as well as specialty residencies remains an opportunity. This study contributes to national standardization and approach by defining the costs of a perioperative residency program and determining the cost to benefit ratio using a return on investment calculator. The organizational first year investment did not show a positive return but by the second year achieve of a consistently positive financial return was achieved. The average savings in reducing traveler salary costs was $40,923 per on-boarding employee with a total savings of $6,343,065.
Language
English
Document Type
Scholarly Project
Degree Name
Doctor of Nursing Practice (DNP)
Level of Degree
Doctoral
First Committee Member
P. J. Woods, PhD, MBA, RN
Second Committee Member
Cynthia Nuttall, PhD, RN
Keywords
adaptive enterprise, COBRAM ©, newly licensed registered nurses, perioperative nursing residency program, return on investment, transition to practice residency program
Recommended Citation
Stiesmeyer, Johanna K.. "Retrospective Comparative Costs and Benefits of Registered Nurses (RNs) In A Perioperative 101 Program Residency (P101); An Immersive Perioperative Specialty Residency (PSR); And Registered Nurses Hired into General Perioperative Services from 2009-2016." (2017). https://digitalrepository.unm.edu/dnp/4
