Getting a return on investment from spending capital dollars on new beds.
In assessing this bed-purchase process and the resulting return on investment, I identified the following critical success factors related to capital investments: Evaluation of capital equipment for return on investment from the expense side, particularly when looking at use of manpower for critical positions in the organization Evaluation of capital equipment for increasing nursing satisfaction, a factor in addressing the healthcare worker shortage in today's environment Involvement of a representative team to create personal ownership through individuals wanting to take care of something they are involved in purchasing Spin-off timesaving that can be realized through the adage "form follows function" The last factor was found not only in savings of nurse staff time but also in pharmacy time because the weight function on the new beds saved approximately one hour, allowing for speedier calculation of creatinine clearance in antibiotic dosing. Changing my position and perspective was rewarding. The persistence of the CNO and the involvement of the employees made the experience gratifying on a personal level as well.
Hardy
Patsy A
PA
St. Joseph's Hospital, Parkersburg, West Virginia, USA.
D001513:Beds / Q000191:economics*; D002201:Capital Expenditures; D003362:Cost-Benefit Analysis; D003659:Decision Making, Organizational; D017598:Efficiency, Organizational; D004867:Equipment Design; D006801:Humans; D007318:Inservice Training; D007324:Institutional Management Teams; D007449:Investments / Q000191:economics; D011682:Purchasing, Hospital / Q000191:economics* / Q000458:organization & administration; D013673:Technology Assessment, Biomedical / Q000191:economics; D014903:West Virginia