Is there a business case for magnet hospitals? Estimates of the cost and revenue implications of becoming a magnet

Medical Care

Volumn 52, Issue 5, 2014, Pages 400-406

  Jayawardhana, Jayani ^a   Welton, John M ^b   Lindrooth, Richard C ^c  

^a UNIVERSITY OF GEORGIA   (United States)

^b College of Nursing ^*  (India)

^c UNIVERSITY OF COLORADO   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

ARTICLE; COMMERCIAL PHENOMENA; COST CONTROL; HOSPITAL COST; HOSPITAL UTILIZATION; HUMAN; MAGNET HOSPITAL; MEDICAID; MEDICARE; PRIORITY JOURNAL; URBAN AREA;

COST-BENEFIT ANALYSIS; HOSPITAL ADMINISTRATION; HOSPITAL COSTS; NURSING STAFF, HOSPITAL; QUALITY OF HEALTH CARE; RESIDENCE CHARACTERISTICS;

EID: 84898471726     PISSN: 00257079     EISSN: 15371948     Source Type: Journal    
DOI: 10.1097/MLR.0000000000000092     Document Type: Article

References (28)

1. Aiken LH, Smith HL, Lake ET. Lower Medicare mortality among a set of hospitals known for good nursing care. Med Care. 1994;32: 771-787.
2. Scott JG, Sochalski J, Aiken LH. Review of Magnet hospital research: findings and implications for professional nursing practice. J Nurs Admin. 1999;29:9-19.
3. Havens DS, Johnston MA. Achieving Magnet hospital recognition: chief nurse executives and Magnet coordinators tell their stories. J Nurs Admin. 2004;34:579-588.
4. Russell J. Journey to magnet: cost vs. benefits. Nurs Econ. 2010;28:340-342.
5. Wagner CM. Is your nursing staff ready for Magnet hospital status? An application of the revised Nursing Work Index. J Nurs Admin. 2004; 34:463-468.
6. Jayawardhana J, Welton JM, Lindrooth RC. Adoption of National Quality Forum safe practices by Magnet hospitals. J Nurs Admin. 2011;41:350-356.
7. Goode CJ, Blegen MA, Park SH. Comparison of patient outcomes in Magnet and non-Magnet hospitals. J Nurs Admin. 2011;41:517-523.
8. Kramer M, Schmalenberg C. Magnet hospitals: part I. Institutions of excellence. J Nurs Admin. 1988;18:13-24.
9. Kramer M, Schmalenberg C. Magnet hospitals: part II. Institutions of excellence. J Nurs Admin. 1988;18:11-19.
10. Havens DS, Aiken LH. Shaping systems to promote desired outcomes. The Magnet hospital model. J Nurs Admin. 1999;29:14-20.
11. ANA. Scope and Standards for Nurse Administrators. ANA Publication. Washington, DC: American Nurses Association Publications; 1994. i-iv, 1-27.
12. Lash AA, Munroe DJ. Magnet Recognition Program 2005: an update. Medsurg Nursing. 2005;14:325-328.
13. Munroe DJ, Lash AA. Achieving Magnet recognition: the process. Medsurg Nurs. 2005;suppl:15-19, quiz 20.
14. Tirole J. The Theory of Industrial Organization. Cambridge, MA: The MIT Press; 2000.
15. Spetz J, Maiuro LS. Measuring levels of technology in hospitals. Q Rev Econ Finance. 2004;44:430-447.
16. Grannemann TW, Brown RS, Pauly MV. Estimating hospital costs: a multiple-output analysis. J Health Econ. 1986;5:107-127.
17. Fournier GM, Mitchell JM. Hospital costs and competition for services: a multiproduct analysis. Rev Econ Stat. 1992;74:627-634.
18. Capps C, Dranove D, Lindrooth RC. Hospital closure and economic efficiency. J Health Econ. 2010;29:87-109.
19. Tennyson DH, Fottler MD. Does system membership enhance financial performance in hospitals? Med Care Res Rev. 2000;57:29-50.
20. Dehejia RH, Wahba S. Propensity score-matching methods for nonexperimental causal studies. Rev Econ Stat. 2002;84:151-161.
21. Caliendo M, Kopeinig S. Some practical guidance for the implementation of propensity score matching. J Econ Surv. 2008;22:31-72.
22. Bertrand M, Duflo E, Mullainathan S. How much should we trust differences-in-differences estimates? Q J Econ. 2004;119:249-275.
23. Smith JA, Todd PE. Does matching overcome LaLonde's critique of nonexperimental estimators? J Econom. 2005;125:305-353.
24. Stock JH, Yogo M. Testing for weak instruments in linear IV regression. In: Andrews DWK, Stock JH, eds. Identification and Inference for Econometric Models: Essays in Honor of Thomas Rothenberg. New York: Cambridge University Press; 2005:80-108.
25. Staiger D, Stock JH. Instrumental variables regression with weak instruments. Econometrica. 1997;65:557-586.
26. Cragg JG, Donald SG. Testing identifiability and specification in instrumental variable models. Econom Theory. 1993;9:222-240.
27. Manning WG. The logged dependent variable, heteroscedasticity, and the retransformation problem. J Health Econ. 1998;17:283-295.
28. Duan N. Smearing estimate: a nonparametric retransformation method. J Am Stat Assoc. 1983;78:605-610.