Magnet Identification Report

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The Magnet certification of the American Nurses Credentialing Center(ANCC), mandates that nurses utilize research and evidence base practice to improve the safe delivery of patient care (Stanley, 2011). Due to the cost of “application fees, appraiser fees, site visit costs, and document preparation” that range from $46,000 to $251,000, some institutions have to rethink Magnet status due to its financial implications (Drenkard, 2010). Despite the initial and maintenance costs of the Magnet certification, evidence suggests the expenses may be offset within couple years through higher net inpatient revenue (Jayawardhana, Welton, & Lindrooth, 2014). As future Advanced Practice Registered Nurses (APRN), it is our role to improve patient care

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