Business Case for Wellspring
Wellspring is an investment which leads to increased efficiencies resulting in cost savings and enhanced revenue. Research shows that among Wellspring’s benefits are reductions in resident falls, pressure ulcers, incontinence, and staff turnover.
Consider the following costs:
- $4,000+ — Turnover cost for one nursing assistant
- $15,000+ — Turnover cost for one nurse
- $5,300+ — Nursing home added expense related to a fall
- $11,000 — Treatment of facility acquired pressure ulcer
- $4,000 — Annual cost for incontinence care per resident
- $2,000 — One day consultant visit to address a problem
Just one occurrence of each of the above could cost $41,300, in addition to the nonfinancial costs that result (reputation, morale, poor ratings, etc). This is several times what it would cost to implement the full Wellspring Program.
Nursing homes that have implemented the Wellspring model have demonstrated results that have positive impacted quality and costs, including:
- Improved stability of nursing staff
- Improved competency of staff
- Greater involvement of frontline staff in residents’ care
- Improved interdepartmental communication and cooperation
- Improvements in quality indicators and survey results
- Increased resident, family and staff satisfaction
