The Versant RN Residency Solution
The Versant RN Residency is a comprehensive, evidence-based onboarding of new graduate nurses that helps them gain the experience, judgment, skills and confidence they need to navigate the complexity of hospital life. RN Residents progress to the competent level quickly, safely, and effectively.
From a cost savings standpoint, Versant has demonstrated a profound reduction in turnover rates for new graduate RNs—35% to 6% at 12 months and 55% to 11% at 24 months—when compared to new graduate RN control groups hired at a facility prior to the implementation of the residency.
Hospitals partnering with Versant have successfully graduated over 4900 residents nationwide. Due to significant reductions in turnover, Versant has helped hospitals reduce the number of RN hires needed to hit their RN FTE targets. In 2½ years, these hospitals have had to hire 425 fewer nurses to achieve the same net FTE target. This reduction in the number of hires needed has translated to a cumulative operating cost savings of over $17 million.
From a quality standpoint, residents participating in the Versant RN Residency show dramatic improvements in skill competence and confidence, as compared to new graduates not participating in the residency. Fully integrated into a hospital’s existing educational structure, the residency prepares new graduates by organizing and overseeing all aspects of their experience. It promotes standardization across all participating departments, eliminating variance in clinical practice.
Versant offers the RN Residency in both Adult Care and Pediatrics:
- 18-week RN Residency in Adult Care
- 22-week RN Residency in Pediatrics
Residents are supported—professionally and emotionally—by a network of senior nurses who act as preceptors, mentors, and debriefers. They attend interactive classes and skills labs that build upon their clinical experiences.
You manage and evaluate your residents using Versant Voyager™, a web-based suite of workforce development applications that track and monitor professional growth.
For residents, the result is greater confidence in their abilities, greater satisfaction with their new employer and greater commitment to their profession.
For hospitals, the Versant RN Residency is a systematic, straightforward, and cost-efficient response to the challenges of workforce stability. The entire hospital staff benefits from having a stable, safe workforce.