Thinking Differently, Making a Difference Value Based Simulation
A CFO once asked a CEO: “What happens if we invest in developing our people and then they leave us?”
The CEO replied: “What happens if we don’t, and they stay?”
The Global Network for Simulation in Healthcare (GNSH) is an organization of organizations (primarily professional societies and manufacturers of simulation related products and service). GNSH has collaborated to develop an innovative, strategic toolkit for its members to use to change the conversation around simulation – moving to simulation as a strategic solution to the issues most important to the decision maker. The baseline premise is that simulation must effectively address a problem or provide a needed result (value-based simulation). The end goal is to make a meaningful impact and Return on Investment (ROI)/Value on Investment (VOI) for patient quality and safety. To maximize this conversation, simulation users must first understand what decision-makers value to make decisions.
GNSH used a consensus approach to understand what decision-makers value. This toolkit provides the content/tools to support the business case for simulation to provide relevant value-based solutions. Each value domain
(e.g. financial or quality) may have several related characteristics, and these may overlap significantly. Value is defined as outcome over resources (e.g. people, time and funds). Value based simulation should target a desired outcome with a reasonable investment of resources.
Decision-makers use metrics. Metrics are quantifiable measures (e.g. facts, figures) used to track and monitor the success or failure of a process. Validated and reliable tools are used to measure metrics. This work is to enable stakeholders to influence key decision-makers.
To get started, visit the Identifying the Problem