Quantifying the Nursing Residency Advantage
Versant White Paper: The Fast-Track to Nursing Competence & Confidence
Summary
In the face of persistent RN staffing shortages, hospitals need new strategies to onboard and successfully transition new graduate RNs to maintain delivery of high quality patient care while reducing the high cost of nursing turnover. Rather than simply hiring wave after wave of new graduate nurses who are more likely to churn in an endless and unsatisfying staffing cycle, hospitals are increasingly adopting structured residencies. Research shows that these programs accelerate the new nurse’s development of both competency and confidence.
The consistent outcomes from 63 Versant resident cohorts in 14 different adult-care hospitals are persuasive evidence that the Versant RN Residency accelerates the competence and self-confidence of new graduate nurses.For healthcare institutions, this acceleration translates into greater opportunities to stabilize the workforce, reduce recruitment costs, and achieve the desired level of quality patient care.