WHAT DOES IT MEAN TO BE A MAGNET DESIGNATED ORGANIZATION?
Magnet designation is a known key indicator by which the nation's very best hospitals are measured by the American Nursing Credentialing Center (ANCC). The renewal of our designation is a testimony to the tremendous focus and commitment of our nurses, nursing leadership and all members of our interdisciplinary teams provide to our patients.
In order to achieve Magnet designation, VUMC had to satisfy a comprehensive set of criteria measuring the strength and quality of nursing and interdisciplinary collaboration. We received Magnet recognition for our quality patient care, nursing excellence, and innovations in professional nursing practice.
Creating a Magnet culture at Vanderbilt has attracted the best of the best in all disciplines; supporting low turnover rates and a high level of job satisfaction throughout the Medical Center.
Practicing nursing at a Magnet designated organization is different because you are an integral part of a unique culture/environment which provides:
- Participatory management style through Nursing Bylaws and Shared Governance, which supports unit/clinic-based decision-making and nursing representation at all levels of the organization
- Strong, supportive, knowledgeable nursing leadership who value staff and are visible and accessible
- Personnel policies and programs that are competitive, created with staff involvement, and provide a generous reward and recognition system
- Professional models of care with strong interdisciplinary teamwork that support the autonomous practice of nursing
- Use of evidence-based practice standards that support high-quality patient outcomes and continuous quality improvement with nursing involvement in data collection and decision-making related to patient care delivery
- Recognition for nurses as valued and respected team members throughout the organization
- A wealth of resources for consultation and support; including educators, advanced practice nurses, specialty defined clinical nurse specialists and easily accessible on-line resources including our Medical Library
- An environment that provides opportunities for professional development and advancement, mentoring, and recognizes nurses as teachers
- A strong commitment to the community and nurses are supported to participate in community activities and projects
- A message to our community (patients/families) that we are committed to providing the best care possible.
America’s Best Hospitals – US News & World Report
• Factors Magnet designation into Best Hospitals rankings • As of March 1, 2011, certification by ANCC satisfies standards for nursing excellence • Magnet designation contributes to the total score for quality of inpatient care
• In 2011 Leapfrog group announced hospital ratings will include Magnet status • Organizations with Magnet designation automatically earn full credit for Safe Practice #9 Nursing Workforce (used to score the hospital’s commitment to staffing highly trained nurses and nurse leaders)
• Recognizes and endorses the Magnet Program • Values the impact Magnet has in creating a workplace culture and nursing practices that support patient safety and high-quality care • Considering recognizing Magnet hospital designations on Joint Commission accreditation certificates • Benefits of having Magnet: prepares nurses for JCAHO visits, policies and procedures organized, current, and evidence-based, QI projects are staff-nurse driven
• Bond ratings are influenced by Magnet status – indicates high-quality nursing care, retention • Organizations that have achieved Magnet designation have seen increases in their bond ratings • Moody’s Investors Service notes Magnet designation as a strength in their reports:
Ex: 2/29/2012 Women’s Hospital Foundation in Louisiana “Strong loyalty by medical staff with greater than half of area OB/GYNs practicing exclusively at WHF, along with Magnet status for nursing”
Ex: 11/1/2011 St. Joseph’s Health System in New Jersey “Non-unionized workforce and
Magnet status designation for the last nine years; SJHS is the first hospital in New Jersey to receive the designation for three consecutive terms”
How Magnet Organizations Rank
• 14 of the 17 Honor Roll hospitals are Magnet organizations (US News Best Hospitals in America, 2014-2015) • 11 of the top 12 hospitals in the Children’s Hospital Honor Roll are Magnet recognized (US News Children’s Hospital Honor Roll, 2015-2016) • Of the 48 hospitals ranked nationally by US News and World Report, by the top 3 per 36 are Magnet organizations • 25 of the 100 Top Hospitals have Magnet designation (Thomson Reuters 100 Top Hospitals, 2015) • 10 of the 15 100 Top Hospitals, Major Teaching Hospitals have Magnet designation (Thomson Reuters 100 Top Hospitals, 2015) • 73 of the 100 America’s Best Hospitals are Magnet organizations (Becker’s Hospital Review, 2015) • 5 organizations in Fortune 100 Best Companies to work for have Magnet-recognized facilities (ANCC, 2015)
Joint Commission on Accreditation of Healthcare Organizations. (2005). Health care at the crossroads: strategies for addressing the evolving nursing crisis.
Tuazon, N. (2007). Is Magnet a Money-maker? Nursing Management, 38(6), 24-31.
Nursing Health Services Research Unit. (2006). Strategies and outcomes associated with magnet hospitals fact sheet II of II.
Drenkard, K. (2010). The Business Case for Magnet. Journal of Nursing Administration, 40(6), 263-271.
Administrative Angels: The Financial Return on Magnet Recognition [Editorial]. (2005). Journal of Continuing Education in Nursing, 36(2), 51-52.
Moody’s Investors Service. (2012). Moody’s Affirms Woman’s Hospital Foundation’s (LA) 3A Rating; outlook remains stable [Announcement].
Moody’s Investors Service. (2011). Moody’s Affirms St. Joseph’s Healthcare System’s (NJ) Ba1 Long-term Bond Rating; outlook revised to stable from positive [Announcement].