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Return on investment imperative: the cost of care calculator for an evidence-based practice program
Marita MacKinnon Schifalacqua1, Jeanie Mamula, Alison Rich Mason
1Evidence Based Clinical Practice and Clinical Technology, Catholic Health Initiatives, Englewood, Chicago, USA. maritaschifalacqua@catholichealth.net
Abstract:
The key elements of the evaluation process of an evidence-based practice (EBP) program and the infrastructure needed as identified by a large health care organization. The EBP evaluation program has 2 major elements for measuring success. The first component for evaluation is the impact on the clinical outcomes of care and the second is the fiscal implications of implementing the EBP. This article focuses on the fiscal evaluation component and describes a process to calculate the cost of care compared to before and after implementation of the EBP. The literature to support the care calculations is examined and a cost algorithm is described.
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