Demonstrating the financial impact of clinical libraries: a systematic review

Hdl Handle:
http://hdl.handle.net/10147/618812
Title:
Demonstrating the financial impact of clinical libraries: a systematic review
Authors:
Madden, Anne ( 0000-0002-6031-6862 ) ; Collins, Pamela ( 0000-0002-5628-3113 ) ; McGowan, Sondhaya ( 0000-0003-3736-7503 ) ; Stevenson, Paul; Castelli, David ( 0000-0002-5818-6974 ) ; Hyde, Loree ( 0000-0001-8408-9767 ) ; DeSanto, Kristen; O'Brien, Nancy ( 0000-0002-8965-2982 ) ; Purdon, Michelle; Delgado, Diana ( 0000-0002-6290-3497 )
Affiliation:
1. Library & Information Services, Education & Research Centre, St. Vincent's University Hospital, Elm Park, Dublin 4.
Citation:
Demonstrating the financial impact of clinical libraries: a systematic review 2016, 33 (3):172 Health Information & Libraries Journal
Publisher:
Wiley
Journal:
Health Information & Libraries Journal
Issue Date:
Sep-2016
URI:
http://hdl.handle.net/10147/618812
DOI:
10.1111/hir.12151
Additional Links:
http://doi.wiley.com/10.1111/hir.12151
Item Type:
Systematic Review
Language:
en
Description:
Objective The purpose of this review is to evaluate the tools used to measure the financial value of libraries in a clinical setting. Methods Searches were carried out on ten databases for the years 2003—2013, with a final search before completion to identify any recent papers. Results Eleven papers met the final inclusion criteria. There was no evidence of a single ‘best practice’, and many metrics used to measure financial impact of clinical libraries were developed on an ad hoc basis locally. The most common measures of financial impact were value of time saved, value of resource collection against cost of alternative sources, cost avoidance and revenue generated through assistance on grant submissions. Few papers provided an insight into the longer term impact on the library service resulting from submitting return on investment (ROI) or other financial impact statements. Conclusions There are limited examples of metrics which clinical libraries can use to measure explicit financial impact. The methods highlighted in this literature review are generally implicit in the measures used and lack robustness. There is a need for future research to develop standardised, validated tools that clinical libraries can use to demonstrate their financial impact.
Keywords:
LIBRARY AND INFORMATION SERVICES; HOSPITAL; FINANCE
ISSN:
14711834

Full metadata record

DC FieldValue Language
dc.contributor.authorMadden, Anneen
dc.contributor.authorCollins, Pamelaen
dc.contributor.authorMcGowan, Sondhayaen
dc.contributor.authorStevenson, Paulen
dc.contributor.authorCastelli, Daviden
dc.contributor.authorHyde, Loreeen
dc.contributor.authorDeSanto, Kristenen
dc.contributor.authorO'Brien, Nancyen
dc.contributor.authorPurdon, Michelleen
dc.contributor.authorDelgado, Dianaen
dc.date.accessioned2016-08-25T12:12:41Z-
dc.date.available2016-08-25T12:12:41Z-
dc.date.issued2016-09-
dc.identifier.citationDemonstrating the financial impact of clinical libraries: a systematic review 2016, 33 (3):172 Health Information & Libraries Journalen
dc.identifier.issn14711834-
dc.identifier.doi10.1111/hir.12151-
dc.identifier.urihttp://hdl.handle.net/10147/618812-
dc.descriptionObjective The purpose of this review is to evaluate the tools used to measure the financial value of libraries in a clinical setting. Methods Searches were carried out on ten databases for the years 2003—2013, with a final search before completion to identify any recent papers. Results Eleven papers met the final inclusion criteria. There was no evidence of a single ‘best practice’, and many metrics used to measure financial impact of clinical libraries were developed on an ad hoc basis locally. The most common measures of financial impact were value of time saved, value of resource collection against cost of alternative sources, cost avoidance and revenue generated through assistance on grant submissions. Few papers provided an insight into the longer term impact on the library service resulting from submitting return on investment (ROI) or other financial impact statements. Conclusions There are limited examples of metrics which clinical libraries can use to measure explicit financial impact. The methods highlighted in this literature review are generally implicit in the measures used and lack robustness. There is a need for future research to develop standardised, validated tools that clinical libraries can use to demonstrate their financial impact.en
dc.language.isoenen
dc.publisherWileyen
dc.relation.urlhttp://doi.wiley.com/10.1111/hir.12151en
dc.rightsArchived with thanks to Health Information & Libraries Journalen
dc.subjectLIBRARY AND INFORMATION SERVICESen
dc.subjectHOSPITALen
dc.subjectFINANCEen
dc.titleDemonstrating the financial impact of clinical libraries: a systematic reviewen
dc.typeSystematic Reviewen
dc.contributor.department1. Library & Information Services, Education & Research Centre, St. Vincent's University Hospital, Elm Park, Dublin 4.en
dc.identifier.journalHealth Information & Libraries Journalen
dc.contributor.institutionSt. Vincent's University Hospital; Dublin Ireland-
dc.contributor.institutionThe Royal Wolverhampton NHS Trust Education Academy; West Midlands UK-
dc.contributor.institutionScripps Mercy Hospital; San Diego CA USA-
dc.contributor.institutionAiredale NHS Foundation Trust; Yorkshire UK-
dc.contributor.institutionIntermountain Medical Center; Murray UT USA-
dc.contributor.institutionKaiser Permanente NW Regional Libraries; Clackamas OR USA-
dc.contributor.institutionAnschutz Medical Campus; Aurora CO USA-
dc.contributor.institutionUnityPoint Health; Des Moines IA USA-
dc.contributor.institutionFraser Health Authority; Surrey BC Canada-
dc.contributor.institutionWeill Cornell Medical College; New York NY USA-
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