Title: Economic Modeling as a Component of Physical Therapy Academic Strategic Planning
Abstract: This article describes an economic modeling strategy using a computer program developed specifically for academic institutions that can serve as a component of strategic planning for an academic physical therapy program. Within the framework of strategic planning, economic modeling can assist stakeholders in allocating resources. Economic modeling can enable physical therapy program directors, faculty, and other stakeholders to make allocation decisions on a macro (ie, program) or micro (ie, course) basis, realizing that cost is only one factor in a cost/value decision-making process. Academic physical therapy programs can utilize this information to make informed decisions about resource allocations that will most effectively meet their strategic planning goals. This type of planning and modeling is particularly important in the current climate for physical therapy education in which programs are facing challenges in mission alignment, student enrollment, and resource availability.
Publication Year: 2001
Publication Date: 2001-01-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 2
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