New online tool to forecast return on investment for Medicaid quality initiatives

The Center for Health Care Strategies (CHCS) announced today that it has launched a new, web-based tool called The Return on Investment Forecasting Calculator for Quality Initiatives (Source: "CHCS Releases Web-Based Return on Investment Forecasting Calculator for Quality Initiatives in Medicaid," Center for Health Care Strategies, April 23, 2008).  According to CHCS, the ROI Calculator, is designed to help Medicaid stakeholders generate realistic return on investment (ROI) estimates for quality improvement initiatives. States and health plans can use this online tool for an array of purposes throughout the course of program development and implementation.  In particular, the ROI Calculator can be used to support resource allocation, program design, program funding, and monitoring and evaluation of quality improvement initiatives. 

CHCS will host a WebExchange on May 8 from 2-3:30 ET to provide a live demonstration on the ROI Calculator.  This call will also share experiences in using the tool from three states that participated in the Return on Investment Purchasing Institute, a national learning collaborative funded by The Commonwealth Fund and the RWJF