Calculating ROI in nursing involves a few key steps:
Identify the Cost of Investment: Include all expenses related to the nursing intervention, such as training, equipment, and personnel costs. Measure the Financial Gains: Determine the monetary benefits resulting from the intervention, such as reduced hospital readmissions, shorter patient stays, and improved patient outcomes. Apply the ROI Formula: ROI = (Net Profit / Cost of Investment) x 100, where Net Profit is the difference between financial gains and the cost of investment.
