Documentation. A focus for cost savings.
Documentation typically is an area that can be streamlined, thereby saving nursing time and money. The authors' nursing division created a combination intervention record and nursing progress notes form for a 24-hour period. The results yielded a savings of 90 minutes of RN time in a 24-hours period, a 36% reduction in charting time, and an annual cost savings of $437,000.
Cost-Benefit Analysis↗