Return on Investment (ROI) Fundamentals in Health Care

NIHI - McMaster CE Microcredential Course

Weekly. Wednesdays, February 5 - March 26, 2025
12:00 - 1:00 PM ET

Sessions are Live. Online. Interactive.
Recordings are available for missed sessions.

Instructor
Suzanne Schell, CRP, BBA, CEO, ROI Institute Canada, NIHI Instructor

In today’s healthcare organizations, program sponsors and those responsible for program success are held more accountable than ever for the financial impact and ROI of programs and projects. This course will provide the knowledge and skills to participants to measure value, impact, and ROI in healthcare improvement initiatives using the Phillips ROI Methodology. ROI Fundamentals will include examples and real case studies to bring a practical approach to the participant’s learning. Artificial Intelligence is evolving; the course will address how to prove the impact of AI in health care.

Upon completion you will be awarded a NIHI - McMaster CE Microcredential in Return on Investment in Health Care. A micro-credential is issued in a digital format, provides details of acquired competencies, and is shareable and transportable.

Course Outline

  • ​Session 1 - Course Overview, Introduction to the 12 Step ROI Methodology Model and its application in Health Care 
  • ​Session 2 - ROI Implementation and why it is critical
  • Sessions 3 to 8 - Deep dive into the 12 Step ROI Methodology and the importance of comunicating the results and impact of a ROI study

Learning Objectives

  • Develop program objectives at multiple levels
  • Identify the 12 Guiding Principles of the ROI Methodology
  • Make the business case for ROI
  • Plan next steps to implement the ROI Methodology

Expected Outcomes

  • Improved program effectiveness
  • Improved program efficiencies
  • Improved relationships with clients and executives
  • Increased and or sustained funding for programs
  • A comprehensive view of ROI in health care and how to use the ROI methodology to meet your organization’s ROI goals

Competencies Achieved - Students will be able to:

  • Demonstrate ability to conduct an impact study
  • Set program objectives for five levels of data
  • Determine how to isolate the benefits of the program from other influences
  • Conservatively convert impact measure improvements to monetary values
  • Calculate the ROI of a program

Intended Audience

  • Industry Leaders:  responsible for Health Informatics, eHealth initiatives/projects, eHealth systems implementations
  • HI, HIM and eHealth Professionals:  interested or involved in benefit realization, business intelligence, evaluation methods, cost/benefits analysis, process improvement initiatives impact
  • Government: eHealth Project Managers, Risk Managers, Change Managers, Clinical Transformation Managers , CIOs, Procurement Specialists
  • Healthcare Professionals: interested in business analytics, organizational measurement of new initiatives
  • Consultants/Individuals: involved in projects that need to demonstrate the ROI and impact of healthcare initiatives
  • Educators and Students: interested in gaining an understanding of ROI in health care
  • Quality improvement professionals: interested in proving the value, impact and ROI of investments in improvement initiatives
  • Policy Analysts
  • Financial: those in the financial areas of healthcare wanting to value investments in healthcare
  • Research: those that want to enhance the evaluation process to include ROI
  • Consultants and solution providers who need to offer analytics-related products and services to private and public sector organizations
  • Evaluators: those that want to enhance the evaluation process to include ROI

All participants are encouraged to come to the course with an initiative, program or project to apply the content. It can be something implemented, ready to implement, being developed or an idea.

Registration Fees

 
Early Bird Fee
Ends December 20, 2024. 11:59 PM ET
 

Regular Fee
Begins December 21, 2024. 12:00 AM ET
 
Individual Rate $699 $799
Group of Five $3,165 $3,665
Group of Ten $5,695 $5,695

REGISTER HERE

All fees are subject to HST. HST#R857676894
Payment can be made by VISA, MC or AMEX.

Cancellation and Refund Policy

  • Cancellations made within 3 business days of the initial registration are eligible for a full refund.
  • Cancellations made after 3 business days of the initial registration AND before 15 business days of the course start date are eligible for a 50% refund only.
  • Cancellations made within 15 business days of the course start date are NON-REFUNDABLE.
  • NIHI reserves the right to reschedule or cancel sessions.

Course Access

Registrants will receive detailed instructions about accessing the online session(s) via e-mail 1-2 days prior to each session. Anyone registering within 2 days of the session will receive the message shortly after the registration is received. Due to widespread use of spam blockers, filters, out of office messages, etc., it is your responsibility to contact NIHI if you do not receive login instructions before the start of the session.

It is the responsibility of the registrant to ensure access to WebEx using the VOIP option.

Each registrant must register and participate individually on their computer. The online sessions are to be accessed and viewed only by the person who registered and paid for the online material.

All sessions are recorded and posted to an online portal for access later.

 

 

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