Question Q-1003
Cost-benefit analysis of increasing nurse staffing ratios
Quick answer
Higher staffing raises payroll costs but reduces adverse events and readmissions. With the given savings the five-year NPV is positive at an 8% discount rate.
The question
A hospital is considering moving from 1:6 to 1:4 nurse-patient ratios. Using the data provided, calculate net present value of the change over five years.
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