Return on Investment for Healthcare Quality Improvement

Authors: Solid, Craig A.

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  • Provides tools and techniques specifically for those involved in healthcare QI
  • Is designed to assist with the proposal process for those trying to get funding
  • Addresses the changing healthcare landscape regarding value-based payments
  • Is designed to be easy to understand and follow for those without training or background in data analysis or economics
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eBook $79.99
price for USA in USD
  • ISBN 978-3-030-46478-3
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • Immediate eBook download after purchase and usable on all devices
  • Bulk discounts available
Hardcover $104.99
price for USA in USD
About this book

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, etc.), 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. 

About the authors

Craig A. Solid, PhD, is a health services researcher and consultant who is owner and principal of Solid Research Group, LLC. Due to his expertise in the measurement and assessment of healthcare quality and value, and familiarity with federal quality initiatives and the evaluation of health policy and reimbursement, Dr. Solid helps healthcare organizations to navigate the complex world of data and measurement related to healthcare quality and research. His training as a statistician and economist allows him to effectively convey complex analytic and clinical concepts to a variety of audiences. Dr. Solid has given seminars and guest-lectures on analytic methods related to continuous quality improvement (control charting, etc.), the process of calculating the return on investment (ROI) for quality improvement, and the steps required to write and format peer-reviewed manuscripts for journal submission. He has co-authored over 50 peer-reviewed manuscripts and has presented work at numerous national and international conferences.

Table of contents (9 chapters)

Table of contents (9 chapters)

Buy this book

eBook $79.99
price for USA in USD
  • ISBN 978-3-030-46478-3
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • Immediate eBook download after purchase and usable on all devices
  • Bulk discounts available
Hardcover $104.99
price for USA in USD
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Bibliographic Information

Bibliographic Information
Book Title
Return on Investment for Healthcare Quality Improvement
Authors
Copyright
2020
Publisher
Springer International Publishing
Copyright Holder
Springer Nature Switzerland AG
eBook ISBN
978-3-030-46478-3
DOI
10.1007/978-3-030-46478-3
Hardcover ISBN
978-3-030-46477-6
Edition Number
1
Number of Pages
XIII, 263
Number of Illustrations
39 b/w illustrations, 6 illustrations in colour
Topics