Academic and Research Skills
Career Development Pathway
Cross-Disciplinary Pathway
Health Services Research
Leadership and Business Training
Quality Improvement/Patient Safety
Scott Duncan, MD, MHA
Professor and Chief, Neonatal Medicine
Pediatrics
University of Louisville
Louisville, Kentucky, United States
Kerry Caperell, MD, MS, MBA
Associate Professor of Pediatrics
Pediatrics
University of Louisville/Norton Healthcare
Louisville, Kentucky, United States
Hannah Fischer, MD
Associate Professor
Norton Children's Hospital Affiliated with University of Louisville
Louisville, Kentucky, United States
In Kim, MD, MBA (he/him/his)
Executive Vice Chair and Professor
University of Louisville School of Medicine
Louisville, Kentucky, United States
Stephen Pearlman, MD, MSHQS
Clinical Professor of Pediatrics, Sidney Kimmel College of Medicine of TJU
Pediatrics
ChristianaCare
Wilmington, Delaware, United States
Beth Spurlin, MD, PhD, MBA
Assistant Professor
University of Louisville
Taylorsville, Kentucky, United States
Physician leaders are increasingly called upon to enhance value by improving patient outcomes, while reducing costs. Building upon QI knowledge, participants will identify costs, differentiate and apply financial and economic analyses, and integrate time and uncertainty in the financial analysis of a QI project. The workshop will begin with a presentation reviewing costing methods, including time-driven activity-based costing, as well as financial and economic measures. Small groups will be formed, and participants will use polling to identify the correct classification of costs and financial analysis for various QI scenarios. Following this exercise, the facilitators will demonstrate the calculation of time-value and sensitivity analyses. Within small groups, the participants will distinguish and employ the appropriate methodology where time-value adjustments and sensitivity analyses are utilized. A brief presentation will focus on the indirect benefits associated with the inclusion of financial and economic measures in a QI program. Small groups will reconvene with the facilitator to critique a QI project that includes a financial/economic analysis. The larger group will reconvene, where a Word Cloud will be presented, based on the critiques of the smaller groups. To close, the large group will participate in a facilitated discussion, illustrating how quality improvement brings value to an organization. Pre-reading for this workshop will include “The Business Case for Quality Improvement” and an assigned quality improvement article.