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Healthcare Cost Savings From Continuing Medical Education

Companies mentioned in this article: CMEology

WEST HARTFORD, Conn., June 23, 2014 /PRNewswire-iReach/ -- Continuing medical education (CME) can save significant costs to the healthcare system a new study has shown. Even when a small number of doctors return to their practice and implement what they have learned, the costs saved can be substantial. The study was published in the spring issue of the Journal of Continuing Education in the Health Professionals (http://bit.ly/CMEecon) and was conducted by CMEology, West Hartford, CT--a leader in CME and innovator in outcomes research.

The authors evaluated the economic impact when cardiac and thoracic surgeons applied learning from a CME activity about the prevention of bleeding-related complications. The model base case predicted what would happen if 30% of learners prevented bleeding complications in 2% of their annual surgeries. The savings estimates ranged from $1.5 to $2.7 million, depending on the type of complication.

Studies have not typically evaluated the economic impact of CME because doing so requires extensive follow up that is both time consuming and cost prohibitive, according to the study's authors. Using computer models, the authors could inexpensively estimate the range of potential cost savings from CME activities. While significant for the findings related to surgical complications, the broader implication of this research is the creation of a model that can be applied to almost any therapy area and learning format.

The study from CMEology comes at a crucial time for CME when segments of the healthcare settings are under pressure to cut budgets and enhance efficiency. The ability to predict costs savings associated with CME will provide insight into the value of continuing education in an increasingly cost conscious environment. More details are available at the following video: http://www.youtube.com/watch?v=uzx0O6pa304

To view this video on YouTube, please visit: http://www.youtube.com/watch?v=uzx0O6pa304

Media Contact: Rob Lowney, CMEology, 860-236-1200, rlowney@cmeology.org

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SOURCE CMEology