Why Are Nursing Residency Programs Important

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This articles talks about the importance of nursing residency programs. It is estimated that the number of experienced registered nurses will decline for the future, making new nurses graduates the only available solution for this shortage. The 2004 registered nurse sample survey reported that 55 % of RNs will retire between 2011 and 2020. Nurses graduated at the baccalaureate level seems to be the target for hospitals since nurses at this level of education have stronger backgrounds in different areas such as leadership, research informatics evidenced based practice and critical thinking skills.
With the increases of chronic conditions and disabilities today patients’ need more specialized acute care, which in turn requires well prepared nurses but preparing new nurse graduates to work in todays’ acute care environment is a challenge that even the best nursing schools face.
The National Council of State Boards of Nursing found that only 41.9 % of respondents felt that new graduates were ready to give safe and effective care, which is an alarming number. The NCSBN further investigated and concluded that transition or residency program post-graduation are crucial and must take place in the hospital setting.
Furthermore Krcmar (1991) estimated that it takes one year
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Nursing residency programs are considers to be “provided operated” meaning that the hospital is directly responsible for the curriculum, training cost and administration of the program. This is a challenged for most hospitals because they lack the budget to run these programs. The cost for one of the clinical sites for the UHC/AACN residency program was calculated, it showed that the total cost for 48 residents was 93,100 and the cost per resident was 2,023.91$. The following factors were include in the total cost refreshment, material cost, faculty fees and UHC training

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