RT Book, Section
A1 Buzachero, Victor V.
A1 Phillips, Jack
A1 Phillips, Patricia Pulliam
A1 Phillips, Zack L.
SR Print(0)
ID 1150328849
T1 Converting Data to Money
T2 Measuring ROI in Healthcare: Tools and Techniques to Measure the Impact and ROI in Healthcare Improvement Projects and Programs
YR 2018
FD 2018
PB McGraw-Hill Education
PP New York, NY
SN 9780071812719
LK accessmedicine.mhmedical.com/content.aspx?aid=1150328849
RD 2024/04/19
AB With  the  current  focus  on  ROI  and  cost  avoidance,  "Show  me  the  money"  is  a  typical  request  these  days.  To  show  the  real  money,  the  improvement  in  business  measures  attributable  to  the  project  must  be  converted  to  monetary  values.  To  develop  the  ROI,  the  monetary  value  is  then  compared  to  the  project  costs.  ROI  represents  the  ultimate  level  in  the  five-level  evaluation  framework  presented  in  Chapter  2.  This  chapter  explains  how  healthcare  improvement  projects  include  a  step  to  develop  the  monetary  values  used  in  the  ROI  calculation.