What is Human Capital Development Program?

ELearning’s Capacity for Human Capital Development  April 6, 2015 – 10:36 am
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An important point to consider regarding costs and value derived from eLearning, is the accumulation of intellectual property that will increase the organization’s capacity to develop targeted skills among their physicians and nurses.  Organizations often invest significant amounts of money into human capital development with no immediate financial benefit, only the assumption that it will generate value in the distant future.  In fact, many organizations with poorly designed training initiatives, lacking ongoing level 4 assessments (see my previous post on measuring the quality of eLearning) struggle to justify the investment and may lose support for this type of investment during a time when it is needed most.

With patients becoming more technical savvy, using ratings systems like the US News report on top hospitals to select where to receive care, eLearning intellectual property that can help better position an organization becomes incredibly valuable.  Especially if you consider the shelf life of the eLearning, and its ability to rapidly train a steady stream of new physicians and nurses joining the group over the course of years, with marginal delivery costs.   Further, eLearning can train the development of better patient satisfaction skills, management skills, and leadership skills that although hard to directly measure an ROI, no doubt will strengthen an organization over time.  More satisfied patients return, and refer their family and friends.  Organizations with this capacity to develop forward thinking specialty division leaders will drive a unified vision to improve patient care.  They might perhaps acquire more research funding, or create a better training experience for residents and medical students that will positively carry forward the organization’s reputation and thus growth into the future (the hospital’s reputation among physicians is an important factor in US News reports rankings).

Source: ImplementHIT : EHR Training SoftwareImplementHIT : EHR Training Software

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