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PRODID:-//Wisconsin Chapter of the American College of Healthcare Executives - ECPv4.6.15//NONSGML v1.0//EN
CALSCALE:GREGORIAN
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X-WR-CALNAME:Wisconsin Chapter of the American College of Healthcare Executives
X-ORIGINAL-URL:http://wisconsin.ache.org
X-WR-CALDESC:Events for Wisconsin Chapter of the American College of Healthcare Executives
BEGIN:VEVENT
DTSTART;TZID=UTC-6:20200923T120000
DTEND;TZID=UTC-6:20200923T130000
DTSTAMP:20260409T102512
CREATED:20200903T154536Z
LAST-MODIFIED:20200918T171649Z
UID:3113-1600862400-1600866000@wisconsin.ache.org
SUMMARY:Webinar: The Business Case of Evidence-Based Design Features for Staff: Translating Traditional ROI Data into Financial Performance
DESCRIPTION:The phrase “Return on investment (ROI)” can have different meanings depending on who you are speaking with. This is especially true in healthcare organizations where multiple priorities exist\, as well as a debate on the effectiveness of various interventions. Furthermore\, payment and reimbursement models are continuously taxing healthcare organizations to improve quality and safety while also reducing the overall cost of care delivery. As a result\, a robust ROI assessment is needed before and after any costly intervention to help justify the need. The challenge is not all ROI metrics resonate with all parties. \nThis presentation will illustrate different ROI algorithms for evidence-based design (EBD) interventions related to staff effectiveness and retention along with patient satisfaction and quality measures. A case example of an inpatient unit build-out project completed in 2013 from a large academic medical center in Wisconsin will be used. We will use this example to translate traditional metrics\, such as staff engagement\, turnover and productivity\, along with patient satisfaction\, fall rates\, length-of-stay (LOS)\, and hospital-acquired infections (HAIs) into financial metrics that speak to a larger audience. Pre- and post-move data will demonstrate significant ROI and compare costs savings to one-time construction costs overtime. \nCompared to one-time construction cost of $6.25 million for the 24-bed inpatient unit\, the combined value of patient and staff metrics calculated demonstrates a ROI in approximately 6 years. \nObjectives\n\nLearn how staffing efficiency was improved by 6% through EBD concepts such as dispersed supplies and decentralized charting stations\, which has results in annual cost saving of $182\,097.55 per year of improved efficiency.\nLearn how standardization and deployment features have helped to improve staff satisfaction with ease of care delivery related to physical environment features by 31.76%.\nLearn how design features and process changes have significantly improved patient satisfaction scores related to ‘space for visitors to participate in care’ (up 25 percent)\, ‘quietness’ (up 15 percent)\, ‘overall care’ (up 7 percent)\, and ‘likelihood to recommend’ (up 4.5 percent).\nLearn how LOS was significantly reduced to 30 less patient days/year and how that statistic was multiplied by the average daily surgical cost per patient of $3\,125.50 for an average annual cost saving of $93\,765.\n\nPresenters\n\nKara Freihoefer\, PhD\, CID\, EDAC\, LEED ID+C\, Director of Research\, HGA Architects and Engineers\nSarah Cypher\, MSN\, RN\, CMSRN\, Director of Nursing\, Froedtert & Medical College of Wisconsin\n\nREGISTER HERE\n
URL:http://wisconsin.ache.org/event/webinar-the-business-case-of-evidence-based-design-features-for-staff-translating-traditional-roi-data-into-financial-performance/
ORGANIZER;CN="ACHE-Wisconsin%20Chapter":MAILTO:ACHE-WI@badgerbay.co
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