CE Credits: Valid for 1.0 PDCs for the SHRM-CP or SHRM-SCPKnowledge Benefits is an approved SHRM recertification provider. Learn More
Release Date: October 31, 2017
Expires: Expiration date: October 30, 2019

Mastering the Value Equation: Saving Lives, Saving Dollars


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Mastering the Value Equation: Saving Lives, Saving Dollars

It’s about Patient Safety

When mis­takes hap­pen in the hos­pi­tal, every­one suf­fers. Employ­ers often pay the price in increased health care costs and loss of employ­ee pro­duc­tiv­i­ty. Patient Safe­ty is crit­i­cal.

Employ­ers need to pur­chase high­er val­ue care. They can­not cal­cu­late the true val­ue of health care with­out fac­tor­ing in qual­i­ty, cost AND safe­ty. Patient Safe­ty is a crit­i­cal com­po­nent to the val­ue equa­tion. With­out safe­ty, there is no val­ue.

This course will pro­vide an overview of all three fac­tors of the val­ue equa­tion to help you under­stand why they are crit­i­cal to ensur­ing that your employ­ees and their fam­i­lies have access to the best pos­si­ble care. It is part of a com­plete pro­gram of online cours­es on health­care ben­e­fits pur­chas­ing

Knowl­edge Ben­e­fits offers this course in part­ner­ship with the Leapfrog Group, a nation­al non­prof­it orga­ni­za­tion dri­ving a move­ment for giant leaps for­ward in the qual­i­ty and safe­ty of Amer­i­can health­care. Look for free access to some of Leapfrog tools and reports with­in the mod­ule.

Who is it for?

Ben­e­fits admin­is­tra­tors on the front lines of employ­er spon­sored health insur­ance
HR pro­fes­sion­als inter­est­ed in improv­ing ben­e­fit pur­chas­ing
Well­ness pro­fes­sion­als eval­u­at­ing pro­grams that improve health
Pur­chas­ing man­agers inter­est­ed in improv­ing ben­e­fit pur­chas­ing
Chief Human Resources Offi­cers respon­si­ble for pur­chas­ing health­care ben­e­fits
Chief Finan­cial Offi­cers respon­si­ble for man­ag­ing the bot­tom line
Chief Exec­u­tive Offi­cers con­cerned about health care costs erod­ing the bot­tom line

What will I learn?

  1. Assess avail­able tools that mea­sure patient safe­ty and hos­pi­tal qual­i­ty
  2. Quan­ti­fy the cost of med­ical errors in dol­lars and lives
  3. Apply patient safe­ty and qual­i­ty report­ing to health­care pur­chas­ing
  4. Iden­ti­fy oppor­tu­ni­ties to improve patient safe­ty

Can I get Soci­ety for Human Resource Man­age­ment cred­its?

Knowl­edge Ben­e­fits, under the aus­pices of the Col­orado Busi­ness Group on Health, is rec­og­nized by SHRM to offer Pro­fes­sion­al Devel­op­ment Cred­its (PDCs) for the SHRM-CP or SHRM-SCP. Each Knowl­edge Ben­e­fits course is valid for 1.0 PDCs for the SHRM-CP or SHRM-SCP. For more infor­ma­tion about cer­ti­fi­ca­tion or recer­ti­fi­ca­tion, please vis­it www​.shrm​.org.

Esti­mat­ed time to com­plete this activ­i­ty is 1 hour.

Release date: Octo­ber 31, 2017
Expi­ra­tion date: Octo­ber 30, 2019


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