HIMSS Europe: Experiences and Metrics for Calculating ROI
Cost, value, return, in short, measurement. It is impossible to consider carrying out any business-related activity or service properly if these concepts are not on the decision-making agenda. Being able to measure the value generated, to plan the environment in which the multiplier effect of an investment’s value will be of the greatest benefit to users, and to achieve the maximum return on investment within its economic dimension, has been the objective of health managers and decision makers for years.
There is a need to assess the impact of the economic situation on health care. The environment of stable or growing demand contains factors that put pressure on expense reduction. These factors make it necessary to go beyond the obvious and to search for the perfect solution to increase efficiency, with innovative proposals and brave management decisions.
In addition, in health care systems, cost reduction, improvement of processes, and innovation—or the implementation of information and communication technologies (ICT)—are a much higher priority than maintaining an equilibrium in the balance sheet or reorganization.
Read the full HIMSS Europe: Experiences and Metrics for Calculating ROI White Paper.