Making Sense of Dollars and Cents: Developing a Return on Investment
Healthcare leaders are asked to evaluate new services, products, and processes to determine not only improved patient outcomes but also the value to the financial health of the organization. Tools necessary for this task are not often taught in traditional healthcare education. This course will discuss financial planning concepts, break-even analysis, development of a planning checklist and the presentation of the plan. After attending this session, the participant will have the knowledge to evaluate new service lines and products that improve patient care and the health of the organization.
Listen, Learn, and Earn CE Hours with this podcast course. Available on Apple, Spotify, and other podcast apps.
Upon completion of the course, the learner will be able to:
- Identify fixed, variable, and total costs.
- Distinguish what expenses and revenue should be considered in developing a ROI.
- Evaluate and choose which departments should be involved in new product/procedure discussions to ensure smooth transition to practice.
Pamela Hunt BS, MSN, RN, NEA-BC, FAAN, is an experienced nurse executive with a demonstrated history of working in operations and the dissemination of information and education. Skilled in Quality, Safety, Caregiver Engagement, Healthcare Finance, especially productivity, and Patient Experience. Extensive service in community organizations to promote the health and wellbeing of all people. National and international presenter and author on topics of healthcare leadership.
How to Receive Credit
- Listen to the entire podcast which requires a 1.0 hour commitment of time.
- At the end of the course, answer the Yes/No Affirmation question to indicate that you have completed the educational activity.
- Specific to Florida: A mandatory Final Examination with a passing score of 70% or higher is required. Exam questions link content to the course Learning Objectives as a method to enhance individualized learning and material retention.
- Provide required personal and payment information.
- Complete the mandatory course evaluation.
- Print your Certificate of Completion.
Planners, faculty, and others in control of content (either individually or as a group) have no relevant financial relationships with ineligible companies.
Sponsorship/Commercial Support and Non-Endorsement
It is the policy of Colibri Healthcare, LLC not to accept commercial support. Furthermore, commercial interests are prohibited from distributing or providing access to this activity to learners.
The information provided in this activity is for continuing education purposes only and is not meant to substitute for the independent medical judgment of a healthcare provider relative to diagnostic and treatment options of a specific patient’s medical condition.
©2022: All Rights Reserved. Materials may not be reproduced without the expressed written permission or consent of Colibri Healthcare, LLC. The materials presented in this course are meant to provide the consumer with general information on the topics covered. The information provided was prepared by professionals with practical knowledge of the areas covered. It is not meant to provide medical, legal, or professional advice. Colibri Healthcare, LLC recommends that you consult a medical, legal, or professional services expert licensed in your state. Colibri Healthcare, LLC has made all reasonable efforts to ensure that all content provided in this course is accurate and up to date at the time of printing but does not represent or warrant that it will apply to your situation nor circumstances and assumes no liability from reliance on these materials. Quotes are collected from customer feedback surveys. The models are intended to be representative and not actual customers.
Accreditations and Approvals
Colibri Healthcare, LLC is accredited as a provider of nursing continuing professional development by the American Nurses Credentialing Center's Commission on Accreditation.