What is the ANCC Magnet Recognition Program?

The Magnet Recognition Program designates organizations worldwide where nursing leaders successfully align their nursing strategic goals to improve the organization’s patient outcomes. The Magnet Recognition Program provides a roadmap to nursing excellence, which benefits the whole of an organization.

Are Magnet designations worth it?

Magnet status is also a good return-on-investment for hospitals. A study by the Robert Wood Johnson Foundation found that achieving Magnet status not only pays for itself, but actually increases hospital revenue down the line.

Which hospital has most Magnet designations?

Top 10 Magnet Hospitals:

  1. Mayo Clinic. The Mayo Clinic reaches our top spot because of the overall ranking of this hospital.
  2. Cleveland Clinic.
  3. Johns Hopkins.
  4. University of Texas MD Anderson Cancer Center.
  5. Massachusetts General Hospital.
  6. UCSF Medical Center.
  7. Ronald Reagan UCLA Medical Center.
  8. Hackensack UMC.

How long does it take to get Magnet status?

4.25 years
On average, it takes a hospital 4.25 years to complete the process of attaining Magnet Status, at an average cost of $500,000 annually, for an average total investment of $2,125,000. At that cost, the researchers calculate that hospitals begin to realize payback from achieving Magnet Status in two to three years.

What are the criteria for Magnet hospital status?

To be certified as a Magnet hospital, a medical facility must satisfy a set of criteria created by the ANCC to measure nursing excellence….According to the ANCC, Magnet status requirements include measures of:

  • Work environment.
  • Nursing excellence.
  • Innovations in nursing practice.
  • Quality patient outcomes.

What are the 14 characteristics of Magnet hospitals?

Fourteen Characteristics of Magnet Hospitals

  1. Quality of Leadership.
  2. Organizational Structure.
  3. Management Style.
  4. Personnel Policies and Programs.
  5. Professional Models of Care.
  6. Quality of Care.
  7. Quality Improvement.
  8. Consultation and Resources.

Why would a hospital want Magnet status?

Magnet designation hospitals provide patients and their families with a benchmark by which to measure the quality of care they can expect to receive. The “Magnet” name helps patients identify hospitals where they can find satisfied nurses and expect to receive a higher level of care.

How long is Magnet status good for?

four years
Magnet recognition is in effect for four years and can be renewed if an organization reapplies and continues to demonstrate performance according to quality benchmarks and reporting. Patients are assured that their hospital holds the top credential for excellence in nursing.

What is ANCC Magnet hospitals?

Magnet hospitals are certified by the American Nurses’ Credentialing Center (ANCC) as institutions where nurses are empowered to not only take the lead on patient care but to be the drivers of institutional health care change and innovation.

What is the criteria for a Magnet hospital?

Before achieving Magnet status, a hospital must demonstrate excellence in nursing and patient care as well as innovation in professional nursing practice. Out of the top 20 hospitals on the Best Hospitals Honor Roll 2017–2018, 17 are Magnet hospitals.