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PLEASE ONE PAGE FOR INITIAL POST AND THE OTHER ONE PAGE FOR RESPONSE TO TWO STUDENT POST THAT I WILL GIVE YOU AFTER THE INITAL POST TO REPLY TO.
Module 13 – Discussion #8 – Financial Impact on Quality Improvement Projects
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Initial Post
When performing quality improvement projects, outcomes should be assessed on specific measures and quality indicators. For example, a quality improvement project that reduce the skin breakdown is defined buy a reduction in the number and severity of skin breakdown. However, quality improvement projects have a financial impact as well. The AHRQ has a tool kit for approaching return on investment calculation specific to quality improvement projects. Please review Exhibit 5.4, page 129 in the Refer to: Hickey, J., & Giardino, E. (2022). Evaluation of Quality in Health Care for DNPs, 3rd Edition. Springer. ISBN-13:978-0826175229, using exhibit 5.4 provide an example of a quality improvement projects return on investment after implementation. You will have to review examples listed in the AHRQ website, primary source literature, and the textbook. (Other references:
https://www.ahrq.gov/sites/default/files/wysiwyg/professionals/systems/hospital/qitoolkit/combined/f1_combo_returnoninvestment.pdf (Links to an external site.)
http://www.ihi.org/resources/Pages/Tools/AdverseEventsPreventedCalculator.aspx (Links to an external site.))
Response post
In response to one of your classmates, use the Institute of healthcare improvement adverse events prevention calculator to calculate the financial savings for your classmate. This will require using primary source literature and safety organization data to help input dollar figures into the tool. Specific to the percentage gain in decimal points you may make up some of the data for baseline and improvement periods, but attempt to be as realistics as possible. Sometimes improvement periods can experience no improvement or a decrease in improvement. The intent is to provide you with tools and an opportunity to walk through the tasks to develop an appreciation for the financial impact quality projects bring to a healthcare organization, (Adverse prevented calculator: http://www.ihi.org/resources/Pages/Tools/AdverseEventsPreventedCalculator.aspx (Links to an external site.))