Will It Be Worth It? A Tool To Present A Business Case

 

Dates To Be Announced  12:00 - 1:30 PM ET Session is Live. Online. Interactive. Instructor Suzanne Schell, CRP, BBA, CEO, ROI Institute Canada, NIHI Instructor Distinguished Guest Expert Jack Phillips, Ph.D, Founder of the ROI Institute and developer of the Phillips ROI Methodology

This session will describe how to create a forecast for a program. This type of forecast connects the proposed improvement solution to impact measures (qualitative and quantitative) that will improve if this program is implemented. When the monetary value of this improvement is actually calculated and compared to the programmed cost of the program, a financial ROI is forecasted. The challenge is to be conservative with analysis and credible with the conclusions.

There has always been a need to show the qualitative value of healthcare programs. The current economic climate has created even more pressure to show value in monetary terms (quantitative) that executives will understand. What happens when there is a need for a healthcare improvement program, but no budget is available or the budgets have been reduced significantly? Perhaps the only opportunity you may have is to show the value for the program compared to the cost. A ROI forecast will show the monetary value that the program will deliver compared to the proposed cost of the program. If there is a significant positive difference, this may convince executives to move forward and implement the program. Therefore, the challenge is to make a compelling business case, one that will convince even the most conservative funders to allocate funds for the program.

Using the ROI Methodology® as a framework, this process will forecast data at five levels, plus intangibles. When conservative standards are used and it is presented in a very compelling way, this makes a great argument for allocating the funds, even in difficult and uncertain times.

For best results in this course, it is strongly recommended that you have completed either of NIHI’s ROI Fundamentals course or NIHI’s ROI Thinking course, or you have a firm understanding of the Phillips ROI Methodology.
 

Learning Objectives

1. List the five levels of data that are present with any program.
2. Identify the data needed by stakeholders along with their expectations.
3. Select the experts to provide data to make estimates for a forecast.
4. Forecast the impact, ROI, and intangibles of an important program.
5. Present the ROI forecast in a compelling way.
6. Describe an example of a real ROI forecasting case study.

 

Registration Fees

Individual Rate	$75
Group of Five	$325
Group of Ten	$550

REGISTRATION COMING SOON

All fees are subject to HST. HST#R857676894
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• 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.

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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.