Javascript must be enabled to continue!
Impact of a financial incentive on the completion of educational metrics
View through CrossRef
Abstract
Background
The Accreditation Council for Graduate Medical Education (ACGME) requires all emergency medicine (EM) training programs to evaluate resident performance and also requires core faculty to attend didactic conference. Assuring faculty participation in these activities can be challenging. Previously, our institution did not have a formal tracking program nor financial incentive for participation in these activities. In 2017, we initiated an educational dashboard which tracked and published all full-time university faculty conference attendance and participation in resident evaluations and other educational activities.
Objectives
We sought to determine if the implementation of a financially-incentivized educational dashboard would lead to an increase in faculty conference attendance and the number of completed resident evaluations.
Methods
We conducted a pre- and post-intervention observational study at our EM residency training program between July 2017 and July 2019. Participants were 17 full-time EM attendings at one training site. We compared the number of completed online resident evaluations (MedHub) and number of conference days attended (call-in verification) before and after the introduction of our financial incentive in June 2018. The incentive required 100% completion of resident evaluations and at least 25% attendance at eligible didactic conference days. We calculated pre- and post-intervention averages, and comparisons were made using a chi-square test.
Results
Prior to implementation of the intervention, the 90-day resident evaluation completion rate was 71.8%. This increased to 100% after implementation (p < 0.001). Conference attendance prior to implementation was 43.8%, which remained unchanged at 41.3% after implementation of the financial incentive (p = 0.920).
Conclusions
Attaching a financial incentive to a tracked educational dashboard increased faculty participation in resident evaluations but did not change conference attendance. This difference likely reflects the minimum thresholds required to obtain the financial incentive.
Springer Science and Business Media LLC
Title: Impact of a financial incentive on the completion of educational metrics
Description:
Abstract
Background
The Accreditation Council for Graduate Medical Education (ACGME) requires all emergency medicine (EM) training programs to evaluate resident performance and also requires core faculty to attend didactic conference.
Assuring faculty participation in these activities can be challenging.
Previously, our institution did not have a formal tracking program nor financial incentive for participation in these activities.
In 2017, we initiated an educational dashboard which tracked and published all full-time university faculty conference attendance and participation in resident evaluations and other educational activities.
Objectives
We sought to determine if the implementation of a financially-incentivized educational dashboard would lead to an increase in faculty conference attendance and the number of completed resident evaluations.
Methods
We conducted a pre- and post-intervention observational study at our EM residency training program between July 2017 and July 2019.
Participants were 17 full-time EM attendings at one training site.
We compared the number of completed online resident evaluations (MedHub) and number of conference days attended (call-in verification) before and after the introduction of our financial incentive in June 2018.
The incentive required 100% completion of resident evaluations and at least 25% attendance at eligible didactic conference days.
We calculated pre- and post-intervention averages, and comparisons were made using a chi-square test.
Results
Prior to implementation of the intervention, the 90-day resident evaluation completion rate was 71.
8%.
This increased to 100% after implementation (p < 0.
001).
Conference attendance prior to implementation was 43.
8%, which remained unchanged at 41.
3% after implementation of the financial incentive (p = 0.
920).
Conclusions
Attaching a financial incentive to a tracked educational dashboard increased faculty participation in resident evaluations but did not change conference attendance.
This difference likely reflects the minimum thresholds required to obtain the financial incentive.
Related Results
Recent Innovations in Offshore Completion and Workover Systems
Recent Innovations in Offshore Completion and Workover Systems
ABSTRACT
Humble Oil &Refining Company has developed an offshore completion and workover system, for use with multi-well fixed platform development, which util...
Financial Strain and Health
Financial Strain and Health
One of the most fundamental results in health economics is that a greater socio-economic status is associated with better health outcomes. However, the experience of financial pres...
Financial Advisory LLM Model for Modernizing Financial Services and Innovative Solutions for Financial Literacy in India
Financial Advisory LLM Model for Modernizing Financial Services and Innovative Solutions for Financial Literacy in India
Abstract
Dynamically evolving financial conditions in India place sophisticated models of financial advisory services relative to its own peculiar conditions more in demand...
Interventions designed to improve financial capability: A systematic review
Interventions designed to improve financial capability: A systematic review
AbstractBackgroundThere is growing recognition that people need stronger financial capability to avoid and recover from financial difficulties and poverty. Researchers are testing ...
ncentive Effects Analysis on Primary and Secondary Teacher Incentive Policies in China
ncentive Effects Analysis on Primary and Secondary Teacher Incentive Policies in China
In recent years, many policies issued by central and local governments for primary and secondary school teachers in China are closely related to the incentive problems in their wor...
Decoding Millennial Financial Behavior: Factors Shaping Financial Management Nexus
Decoding Millennial Financial Behavior: Factors Shaping Financial Management Nexus
This study investigates the influence of Financial Literacy, Financial Knowledge, Financial Attitude, Locus of Control, and Income on Financial Management Behavior among millennial...
ECONOMIC ESSENCE OF THE FINANCIAL STABILITY OF THE BANKING SYSTEM
ECONOMIC ESSENCE OF THE FINANCIAL STABILITY OF THE BANKING SYSTEM
Introduction. The article examines the essence of financial stability and stability of the banking system in order to analyze and understand them. The main approaches to interpreti...
THE SECURITY AND PRIVACY MEASURING SYSTEM FOR THE INTERNET OF THINGS DEVICES
THE SECURITY AND PRIVACY MEASURING SYSTEM FOR THE INTERNET OF THINGS DEVICES
The purpose of the article: elimination of the gap in existing need in the set of clear and objective security and privacy metrics for the IoT devices users and manufacturers and a...


