AAMC Simulation Center Business Models November 7, 2011 D. J. Anastakis, MD, MHPE, MHCM, FRCSC, FACS Executive Director, SIM-one Ontario Simulation Network

Today

Health Professions Education Population : 13,069, % of national population Healthcare: single payer system –151 Hospitals Education: MTCU and MOHLTC –23 Universities 16 Nursing Schools 6 Medical Schools –24 Colleges 20 Nursing Schools Allied Health

59 Simulation Centres - across all disciplines - Universities and Colleges - Hospital sector 7 Standardized Patient Programs 1,088 individuals >80 dedicated simulation researchers Health Professions Simulation in Ontario

SIM-one Business Plan

Priority Major Investment Member Services 1.Annual Ontario Simulation Expo –Members and industry –2011 – Simulation and IPE –2012 – Simulation and Patient Safety 2.Simulation Scholarship Program –$250,000 annual funds for R&D –To be launched Business Information –Information from data. Intelligence from information. 4.Marketing/Communication Services 5.Volume Purchasing Discount –coordinated, service contracts, educational support

Educational Products & Services 11 courses/workshops –Research Atelier (Wilson Centre) –Keystones of Health Care Simulation Certificate Program

Consulting Services A source of knowledge and expertise – creating value for members SIM-one draws upon its network of simulation experts and experienced educators to offer world-class consulting services in a variety of areas, such as: –Custom Education and Training –SIM Centre Support –IT and Audio Visual

Simulation Equipment Coordination Service

Snapshot of simulation equipment –Assets –Depreciation of assets –Service and Repair –Replacement Volume Purchasing Discount Simulation Equipment Coordination Service

SIM-one Goals Value Advance Advice Advocate IPE Quality Patient Safety Innovation Commercialization ROI Future Investments

Key SIM-one Performance Indicators

no easy way measure intangible value(s) –reputation of an organization –impact on society governments and non-profit organizations are primarily concerned with intangible values without wasting limited funds

Network Key Performance Indicators Creating value for members High quality products and services How best to measure value? Was this SIM-one product or service of value to you our your institution?

Value Major Value Factors 1.Member value: benefits to members 2.Financial: financial benefits, including increased revenue, decreased costs, and cost avoidance 3.Operational: better operations and lowering barriers to future initiatives 4.Strategic: contributions to strategic initiatives and fulfilling the mission of the organization 5.Social: benefits to society as a whole

Revenue

ONTARIO – THE GLOBAL LEADER IN HEALTHCARE SIMULATION