Case study: cost/benefit analysis of clinical education--radiologic technology, College A-Hospital B

The Clinical Allied Health Education Center, Grand Rapids, Michigan, supported by Ferris State College, Big Rapids, Michigan, under Contract No. 1-AH-44106 with the Department of Health, Education and Welfare, designed a model for the clinical education of allied health personnel. Research concerning the cost of clinical education was a necessary part of the model design process. The primary purpose of this case study was to determine, in dollar terms, the cost or benefit to Hospital B, using available data, or data which could be developed with little effort by the hospital. The study breaks down the component costs into determinable factors, and assigns a dollar value to each. A value is also assigned to that portion of the student's activities that produced revenue for the hospital. Expenses related to the production of revenue by students are calculated and applied against said revenue in accordance with the matching principle. The result when revenue and expense were matched was net benefit of $46, 186 to Hospital B.