About the Session
This session provides a proven systematic approach for developing an effective business case for improving quality and safety in a value-based environment. You will be introduced to a step-by-step approach for applying key healthcare financial management terms and concepts, such as net present value, return on investment and breakeven analysis, to create a business case. Real-world case study examples will be used to relate this approach. You also will work in small groups to build a sample business case. This session is especially applicable to nonfinancial healthcare leaders, including physicians and other clinicians; however, experienced financial managers will learn how to present the step-by-step approach to their clinical leaders for an effective team-driven method for improving quality and safety while improving financial acumen to better manage scarce resources.
- Understand and apply key healthcare financial management terms and concepts.
- Learn how to make an effective business case for value.