Simulation Center Business Models Jane Lindsay Miller, Ph.D. Director, AHC Simulation Center & Interprofessional Education and Resource Center November 7, 2011 Developing “expertise” • Jason S. Moser, University of Delaware • Studies event-related potentials (ERPs) and error-related negativity (ERNs) • Conclusion: Better learners pay closer attention to their mistakes • An expert is “a person who has made all the mistakes that can be made in a very narrow field.” -Nils Bohr Program development snapshot • IERC opened • “Common good” funding model 2003 2007 • Planning for AHC Sim Ctr • Transition to modified feefor-service • Inter/multiprofessional center • “Valuebased” model 2011 Program description • Serve 6 health professions in the AHC: – – – – – – School of Dentistry Medical School School of Nursing College of Pharmacy School of Public Health College of Veterinary Medicine • “Cradle to grave” professional development (prehealth science to continuing education/licensure) • Multi-modal: mannequins, task trainers, standardized patients Annual program statistics (FY2010) • • • • Over 12,000 learners Over 55,000 contact hours Approximately 300 simulation projects Daily average: 1.09 projects Beyond utilization: Value on Investment (VOI) Program evaluation Project evaluation Learner outcomes VALUE Toward a “value dashboard” • Instrumental goals – Accreditation – Documenting learner outcomes – Recruitment • Service platform – Simulation expertise – Range of services – Cost • “Value adds” – Faculty development – Educational research – Revenue Generating revenue • Closely articulate revenue generation and mission – “Weekend colleges” have a low ROI • Brand yourself – Combine “reporting” & “marketing” • Think creatively – Consider your unique assets – Consider new partnerships • Revenue streams – Know your REAL costs! – Consider new sources for sponsored programs (e.g. SBIR) – Protect resources for new lines of business and product development Contact information • AHC Simulation Center & IERC – www.ahcsimcenter.umn.edu • Jane Lindsay Miller, Director – mille142@umn.edu – 612-624-6989