Making the Business Case for Quality and Safety
Otolaryngologic clinics of North America
Business; Financial statements; Health care; Management; Outcomes; Quality; Return on investment; Safety
There is broad understanding and appreciation that quality and safety are indispensable parts of the business enterprise of delivering care. However, because health care organizations have resource constraints and competing priorities, leaders and managers must create, demonstrate, and articulate a business case for continuing to prioritize investments in quality and safety. To accomplish this, one must leverage financial principles with compelling story-telling. Success creates a virtuous cycle whereby ongoing investments in robust structures increase returns (value defined as improvements in quality and safety outcomes), and cost savings are reinvested to continue to improve delivery of high-quality care.
Shah, Rahul K.; Reinhart, Richelle; and Cronin, Jessica, "Making the Business Case for Quality and Safety" (2022). GW Authored Works. Paper 385.