Cost-Benefit Analysis of Mood Uplifting Paintings in Hospitals

Authors

  • Simin Mozayeni State University of New York at New Paltz
  • Maryalice Citera State University of New York at New Paltz
  • Parisa Amirmostofian Ikon Institute of Australia

DOI:

https://doi.org/10.33423/jop.v20i1.2757

Keywords:

Organizational Psychology, hospital art, cost-benefit analysis, healthcare cost, aesthetics, abstract romanticism, kamran khavarani, Net Present Value of Benefits (NPVB)

Abstract

The Net Present Value of Benefits (NPVB) of installing mood uplifting paintings on hospital stay lengths were projected using a Cost- Benefits analysis. Net benefits were estimated from the "effect size” of mood uplift from Abstract Romanticism paintings and the average cost of hospital stay at $2,000/day. We used a nominal Social Discount Rate of 4% and a period of ten years. The analysis was conducted for a sample of hospitals and states. The results showed that installation of Abstract Romanticism paintings would have net benefits and this enhancement to the patient environment would likely result in substantial healthcare savings.

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Published

2020-04-16

How to Cite

Mozayeni, S., Citera, M., & Amirmostofian, P. (2020). Cost-Benefit Analysis of Mood Uplifting Paintings in Hospitals. Journal of Organizational Psychology, 20(1). https://doi.org/10.33423/jop.v20i1.2757

Issue

Vol. 20 No. 1 (2020)

Section

Articles

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