It has been found that “nursing float pools may reduce total nursing labor costs by 2% to 5%” (Lebanik & Britt, 2015, p.50). Abbott Northwestern Hospital (ANW) also discovered this cost savings, as “agency nurses cost [them] $71.00 per hour per nurse,” as opposed to “the average ANW nurse salary of $38.00 per hour” (Larson et al., 2012, p.28). Finally, in SAMMC’s quest to become a Higher Reliability Organization, it is important to determine the best nursing practices. Since the nursing float pool will become accustomed to working on multiple units, they will be able to “learn and share best practices from one unit to another” as they are “active in improving care on the units and have the unique perspective of viewing the organization as a whole” (Rainess et al., 2015, p 18). In conclusion, creating an internal pool of float nurses who have extensive experience and have chosen to perform that function will be beneficial to SAMMC. This option will increase patient safety and staff satisfaction and retention, be more cost effective than hiring an outside agency, and become a vital resource for best nursing practices within the
It has been found that “nursing float pools may reduce total nursing labor costs by 2% to 5%” (Lebanik & Britt, 2015, p.50). Abbott Northwestern Hospital (ANW) also discovered this cost savings, as “agency nurses cost [them] $71.00 per hour per nurse,” as opposed to “the average ANW nurse salary of $38.00 per hour” (Larson et al., 2012, p.28). Finally, in SAMMC’s quest to become a Higher Reliability Organization, it is important to determine the best nursing practices. Since the nursing float pool will become accustomed to working on multiple units, they will be able to “learn and share best practices from one unit to another” as they are “active in improving care on the units and have the unique perspective of viewing the organization as a whole” (Rainess et al., 2015, p 18). In conclusion, creating an internal pool of float nurses who have extensive experience and have chosen to perform that function will be beneficial to SAMMC. This option will increase patient safety and staff satisfaction and retention, be more cost effective than hiring an outside agency, and become a vital resource for best nursing practices within the