Is There a Business Case for Magnet Hospitals? Estimates of the Cost and Revenue Implications of Becoming a Magnet

Abstract

Although it is costly for hospitals to attain Magnet status, the cost of becoming a MH may be offset by higher net inpatient income. On average, MHs receive an adjusted net increase in inpatient income of $104.22-$127.05 per discharge after becoming a Magnet which translates to an additional $1,229,770-$1,263,926 in income per year.