Title

Determination Of Return On Investment In Healthcare Simulation

Keywords

Healthcare; Medical simulation; Return on investment (ROI); Training programs

Abstract

As funding sources for using simulation for training healthcare personnel become more selective and the requirements for transparency increase, return on investment (ROI) becomes increasingly important to the decision making process. This paper draws from existing ROI model for healthcare simulation and provide a modified approach in the definition of qualitative and quantitative parameter for computing ROI as well as how to consider other relevant, non-ROI parameters, in the decision making process. A new ROI methodology for healthcare simulation program investments is presented as a modified approach to the Kirkpatrick's "Four Levels of Evaluation" and Phillips "Fifth Level" for measuring performance in training and human performance technology. Ultimately, future work to include concepts of the value measuring methodology (VMM) developed by the US Federal CIO council [14] are discussed and presented.

Publication Date

1-1-2014

Publication Title

IIE Annual Conference and Expo 2014

Number of Pages

2379-2388

Document Type

Article; Proceedings Paper

Personal Identifier

scopus

Socpus ID

84910048107 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/84910048107

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