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Objective Materials and Methods Results Conclusion(s) This study aimed to evaluate the costs and consequences of a new midwife‐navigator‐facilitated care pathway for reduced fetal movements.This study was conducted at a tertiary obstetric centre in Queensland, Australia and modelling occurred for this and smaller services. Two months of data from pre (n = 112 in 2019) and post (n = 141 in 2020) implementation of the care pathway were analysed with T‐tests and logistic regression models to evaluate maternal and neonatal outcomes. A Markov model was built to estimate the costs and consequences of the intervention. Sensitivity analysis was conducted to test various scenarios including modelling for smaller centres.There were no statistically significant differences in clinical outcome between the intervention and usual care groups. Intervention patients spent one hour and eight minutes less time in hospital (P < 0.001). This resulted in a saving to the centre of AU$135 per patient (AU$159 083 annually). One‐way sensitivity analysis suggested that cost savings would be found in all scenarios except for smaller units providing services for less than 1900 births per annum.To our knowledge, no other care pathway involving acute obstetric care has been economically evaluated to date. Our model based on real‐world presentations for reduced fetal movements confirms that midwife‐navigators may be an economically beneficial implementation strategy for dealing with common obstetric conditions. [ABSTRACT FROM AUTHOR]