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Costing nursing education programs. It's as easy as 1-2-3
M L Fisher1, R Hume, R Emerick
1Environments for Health Department, Indiana University School of Nursing, Indianapolis, USA.
Summary
Staff development departments can now easily calculate program costs using a new spreadsheet template. This tool aids in evaluating educational decisions and negotiating with vendors.
Area of Science:
- Healthcare Administration
- Educational Management
Background:
- Staff development departments face increasing pressure to justify program costs.
- Competition from external vendors necessitates transparent financial evaluation of internal programs.
Purpose of the Study:
- To describe the implementation of a spreadsheet template for costing staff development programs.
- To provide educators with a tool for financial analysis of educational initiatives.
Main Methods:
- Development and implementation of a user-friendly spreadsheet template.
- Incorporation of "what if" analysis capabilities within the template.
Main Results:
- The spreadsheet template is easy to use for cost analysis.
- The template facilitates "what if" scenario planning for curricular decisions.
Conclusions:
- The cost-evaluation model empowers educators to assess financial implications of curriculum.
- This tool enhances negotiation capabilities with both internal and external stakeholders.