Safe Patient HandlingBusiness Case Analysis
How can I convince leadership to invest in a Safe Patient Handling Program?
In today’s rapidly changing healthcare environment, convincing leadership to allocate limited capital for any project is exceedingly difficult. The benefits of a Safe Patient Handling program are understood — reduced workers’ compensation costs, fewer patient injuries, increased patient satisfaction and more confident employees and physicians. However, senior leadership may not be easily convinced about the program’s importance, because the costs and benefits are spread across different areas with different hierarchies and cost centers. Don’t let this complexity dissuade you from pursuing a Safe Patient Handling Program!
The Risk Authority Stanford (TRA Stanford) has developed a proven methodology to calculate the return on investment for Safe Patient Handling programs. The TRA Stanford SPH Business Case Analysis is a Best Practice that was used to win capital for the Stanford University Medical Network’s world-renowned Safe Patient Handling program. TRA Stanford is proud to offer the SPH Business Case Analysis tool to everyone.
The Case for Safe Patient Handling:
The Risk Authority Stanford Business Case Analysis is an extension of the award-winning Safe Patient Handling program developed in-house and successfully applied at the Stanford University Medical Network. It will provide the necessary cost justification and guidance to implement a safe, effective program for your organization.
A Holistic View of Your SPH Investment
Unparalleled Analysis Equals Unparalleled Results
Traditionally, justifying an investment in a safe patient handling program has meant measuring the reduction of workers’ compensation costs against the implementation cost.
TRA Stanford has a more complete approach. Our SPH Business Case Analysis tool includes an in-depth diagnostic made up of the following data: relevant employee injuries, staff turnover, training requirements and equipment needs, as well as the number of patient falls and pressure ulcers, and any data relevant to your unique situation. Once calculated, TRA Stanford can then provide your organization with:
- Verifiable quantification of the costs and benefits of the program that best meets your needs.
- A comprehensive Business Case Analysis in actionable business terms, based on your system’s situation, data and assumptions.
- Expert coaching to help you present the Business Case Analysis to your leadership team or the option to have TRA Stanford present our analysis directly.