2010
DOI: 10.1002/piq.20071
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Evaluating the future value of educational interventions in a health care setting

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Cited by 3 publications
(10 citation statements)
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“…The estimation was that for every £1 spent, £8.07 would be returned. McLinden et al 24 reported that for every $1 invested in training, $1.77 would be returned. Sensitivity analysis : The results of an economic evaluation are based on assumptions that bring uncertainty to the final ROI estimate. A sensitivity analysis needs to be performed in order to understand the probabilities and magnitude of the variation in evaluation results.…”
Section: Resultsmentioning
confidence: 99%
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“…The estimation was that for every £1 spent, £8.07 would be returned. McLinden et al 24 reported that for every $1 invested in training, $1.77 would be returned. Sensitivity analysis : The results of an economic evaluation are based on assumptions that bring uncertainty to the final ROI estimate. A sensitivity analysis needs to be performed in order to understand the probabilities and magnitude of the variation in evaluation results.…”
Section: Resultsmentioning
confidence: 99%
“…Direct transactions between customer and provider normally help quantify value in other industries. However, third-party payment systems in the delivery of healthcare make it difficult to identify opportunities for increasing ROI 24. Another key issue is converting intangible benefits to monetary value to be included in economic evaluations, given the central importance in healthcare of non-monetary outcomes, such as patient experience or health outcomes.…”
Section: Discussionmentioning
confidence: 99%
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“…In contrast, because changes in productivity associated with improved efficiency were not included in the analysis, it is possible that the full impact of the projects were underestimated. 24 For example, an additional improvement achieved by the Kipling Acres project was a reduction in the cost associated with patient intake, freeing up approximately 240 staff hours each year. 8 This was not included in the economic evaluation as staff hours could not be tracked using administrative databases.…”
Section: Strengths and Limitationsmentioning
confidence: 99%