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Related Experiment Videos

How cost-effective is your staff development program?

D J del Bueno, K J Kelly

    The Journal of Nursing Administration
    |April 1, 1980
    PubMed
    Summary
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    This study introduces a cost-effectiveness ratio formula for evaluating staff development programs. The research provides a practical application and tools for educators to assess departmental cost-effectiveness, aiding resource allocation in healthcare settings.

    Area of Science:

    • Healthcare Management
    • Educational Program Evaluation
    • Health Economics

    Background:

    • Evaluating the financial impact of staff development is crucial for healthcare organizations.
    • Existing methods for assessing program cost-effectiveness can be complex and time-consuming.

    Purpose of the Study:

    • To present a simplified ratio formula for calculating the cost-effectiveness of staff development.
    • To demonstrate the practical application of this formula within a hospital setting.
    • To provide educators with tools for departmental cost-effectiveness analysis.

    Main Methods:

    • Development of a novel ratio formula for cost-effectiveness computation.
    • Case study application of the formula in a hospital environment.
    • Creation of user-friendly worksheets for educators.

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    Main Results:

    • The ratio formula simplifies the assessment of staff development program ROI.
    • Successful application in a hospital setting validated the formula's utility.
    • Worksheets enable practical, data-driven cost-effectiveness analysis by educators.

    Conclusions:

    • The proposed ratio formula offers an efficient method for evaluating staff development.
    • Implementation can lead to better resource allocation and improved program planning.
    • Empowers educators to quantitatively justify and optimize training initiatives.