Assignment: Monetary Balancing Measure
Assignment: Monetary Balancing Measure
TABLE 2 Updated Known Costs of Outcomes Table 2018, Continued Conditions Recent Cost Estimate References Substance abuse Imprisonment cost annually per person:
$24,000, the average cost for methadone treatment
National Institute on Drug Abuse NIH (2018)
Tobacco use Per capita annual health care spending for 45Y64 years age group: $7,650 for recent quitters $5,540 for current smokers $5,040 for never smokers
Surgeon General (2014), Table 11.10S, p. S-453
Trauma Treatment of related disorders
$1,378 annual mean cost of outpatient visits $20,786 annual mean cost of in patient visits $144 annual mean medication cost $1,209 annual mean ED visits cost
Turnover RN RN replacement cost: $22,000Y$64,000 with avg. per RN leaving $36,567 Average cost of turnover for a bedside RN ranges from $38,900 to $59,700; each percent change in RN turnover will cost/save the average hospital an additional $410,500
Robert Wood Johnson Foundation (2009)
Nursing Solutions Inc. 2017 National Health Care Retention & RN Staffing Report.
Vaccine-preventable disease Cost per hospitalization and per outpatient visit Diphtheria: $16,982 (IP), $100 (OP visit) Tetanus: $102,584 (IP), $100 (OP visit) Pertussis: $10,765Y$22,410 (IP), $100Y$173 (OP visit) H-Flu/meningitis: $4,111Y$38,270 (IP), $100Y$353 (OP) H-Flu acute: $18,195Y$49,236 (IP), $310Y$570 (OP) Poliomyelitis: $7,781Y$50,554 (IP), $100 (OP visit) Measles: $4,032Y$46,000 (IP), $88Y$526 (OP visit) Mumps: $11,196Y$46,060 (IP), $110Y$556 (OP visit) Rubella: $4,886Y46,060 (IP), $89Y$651 (OP visit) Congenital rubella syn: $62,233 (IP), $110 (OP) Hepatitis B: $15,662Y$27,051 (IP), $214Y$599 (OP) Varicella: $4,136Y$22,113 (IP), $83Y$254 (OP visit) Pneumococcal: $3,798Y$25,848 (IP), $86Y$272 (OP) Rotavirus: $3,195Y$4,793 (IP), $135Y$455 (OP visit)
CDC VFC Publications: Supplement (2014)
Journal for Nurses in Professional Development www.jnpdonline.com 309
Copyright © 2018 Wolters Kluwer Health, Inc. All rights reserved.
benefitYcost ratios and ROI percentages require a mone- tary balancing measure to the expenses of the inter- ventions. A search was conducted for published costs associated with a wide variety of conditions. This update of the Known Costs of Outcomes Table (see Table 2) in- cludes (a) most recent costs reported since 2010, (b) a revised format organizing the conditions with similar topics, (c) an increased number of conditions, and (d) an alphabetized order for ease of locating the correct table.
IMPLICATIONS FOR NPD A consistent method was not found in the literature to de- scribe the financial and clinical impact of professional development activities. The original articles demon- strate how to calculate cost analysis, benefitYcost ratio,
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