Franklin

Return on Investment for Healthcare Quality Improvement / by Craig A. Solid.

Author/Creator:
Solid, Craig A. author., Author,
Edition:
1st ed. 2020.
Publication:
Cham : Springer International Publishing : Imprint: Springer, 2020.
Series:
Medicine (Springer-11650)
Format/Description:
Book
1 online resource (XIII, 263 pages) : 45 illustrations, 6 illustrations in color.
Subjects:
Medical care.
Public health.
Medical economics.
Health administration.
Health services administration.
Local subjects:
Health Services Research.
Health Economics.
Health Administration.
Health Care Management.
System Details:
text file PDF
Summary:
This book offers a comprehensive overview of performing return-on-investment (ROI) analyses for healthcare quality improvement (QI). In the United States, healthcare policy regarding physician and facility payment/reimbursement is steadily trending towards the use of "value-based" systems and away from the traditional "fee-for-service" (FFS) payment mechanisms. Healthcare professionals and organizations who have previously focused on quality metrics are now finding themselves burdened with having to define and assess value metrics, without much guidance or assistance. This volume aims to be a guide and a reference for healthcare professionals tasked with estimating and establishing ROI for QI. Chapters describe the general framework for how to perform QI; establish standard definitions of important terms, concepts, and calculations; and provide specific instructions for how to complete each step of an ROI analysis. These include: selecting a QI initiative and identifying the associated metrics, establishing measurable, monetizable, and attributable costs and benefits, determining the appropriate scope and perspective, calculating ROI and related metrics (payback period, benefit-to-cost ratio, et cetera), comparing with established benchmarks or previously published results, and interpreting the results for the intended audience. In addition, chapters offer examples of real studies (or hypothetical studies of real situations), as well as templates for several of the necessary activities that readers can leverage for their own use. Return on Investment for Healthcare Quality Improvement is a must-have resource for healthcare providers, administrators, and other professionals who work in healthcare organizations, hospitals and other healthcare settings, health systems, and residency programs seeking to obtain outside funding, as well as policy makers and administrators of federal programs. .
Contents:
Chapter 1. Introduction
Chapter 2. Planning an ROI Analysis
Chapter 3. Initial Steps
Chapter 4. Costs and Benefits
Chapter 5. Performing Base Case and Sensitivity Analyses
Chapter 6. Interpretation and Presentation
Chapter 7. Hypothetical Case Studies
Chapter 8. Tips and Templates
Chapter 9. Expanded Topics in ROI. .
Contributor:
SpringerLink (Online service)
Contained In:
Springer eBooks
Other format:
Printed edition:
Printed edition:
Printed edition:
ISBN:
978-3-030-46478-3
9783030464783
Publisher Number:
10.1007/978-3-030-46478-3 doi
Access Restriction:
Restricted for use by site license.
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