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How a CNO Can Increase Profits, Decrease Expenses & Manage Risks With A Mentoring Program

A mentoring initiative is a business strategy that enables organizations to turn people into assets. Since every core business process and strategic initiative requires a Human Capital Management business strategy to execute it, improvements made in HCM systems and processes can notably impact an organization’s bottom line. A mentoring program is a standard of excellence that health care organizations must attain to consistently provide the highest quality of care. The mentors’, mentees’ (those who are mentored), and organization’s goals work in tandem towards the ultimate goal of improving patient care.

In healthcare organizations, financial, physical and human resources are limited nevertheless showcasing the value of mentoring is essential with cost-effective practical automation and scaleable templates to capture, process and report quantifiable evidence of quality, effectiveness, impact, results and value. Quantifying mentoring’s impact on human capital investments and business results directly showcases the value that it delivers to all stakeholders and offers immediate and quantifiable savings in time, energy and money.

What is Mentoring? Mentoring, both a noun and a verb, is a helping relationship usually between a more experienced mentor and a less experienced mentee (or prot