How is ROI measured?
Determining how to measure return on investment can be as complex or as simple as you make it. There is a broad range of measurement (metric) indicators that can be used to determine if you have invested wisely with new technology for a CPR. First, you must begin with reaffirming what the organizational vision was when the CPR project was approved. This represents essentially the goals and objectives justifying the initial investment. Once you have clearly identified that vision, then you must begin the process of categorizing the goals and objectives as either CLINICAL or FINANCIAL. Essentially, a CPR investment will likely be justified for purposes that seek to improve either clinical outcomes and / or financial performance. In the past there have been flaws in measuring ROI as purely a clinical or financial venture. The true way to effectively measure ROI for a CPR is to establish a balanced approach to the measurement metrics. Having an equal number of metric indicators across both
