Скачать или смотреть Introduction to Financial Management in Healthcare Simulation Centers

In this video, Dr. Paul Phrampus, Director of the WISER, breaks down the foundational concepts every simulation leader should understand when it comes to budgeting, cost structures, and long-term financial planning for healthcare simulation centers.

Whether you're launching a new simulation program or leading an established center, this video provides a practical overview of:
· The difference between start-up and operational budgets
· Understanding fixed, variable, and step-wise variable costs
· Differentiating capital vs. consumable purchases
· Key budgeting concepts like depreciation and operational forecasting
· The hidden costs of high-fidelity simulators (like warranties and lifecycle support)
· How to calculate cost per hour, determine service pricing, and plan for sustainability
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Why It Matters:
Many simulation professionals have deep expertise in education or clinical care—but have never been formally trained in financial planning. This knowledge gap can lead to underfunded programs, misaligned investments, and missed opportunities to grow and sustain simulation-based initiatives.
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Want to Learn More?
This video is part of the foundational thinking behind our upcoming online course: Essentials of Simulation Center Management

One of the key modules is dedicated entirely to financial management—designed specifically for simulation professionals who aren’t accountants, but who still need to speak the language of budgets, cost modeling, and ROI.
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Additional Resources:

· WISER: https://www.wiser.pitt.edu
· Dr. Paul Phrampus: https://www.simulatinghealthcare.net
· Connect with us on LinkedIn: [Insert your preferred LinkedIn page or profile]
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Subscribe for more:
If you found this helpful, please subscribe, like, and share with a colleague. We’ll be releasing more videos on simulation center operations, leadership, and sustainability.
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#HealthcareSimulation #SimulationEducation #SimulationCenterManagement #MedicalEducation #WISER #PaulPhrampus #FinancialManagement #SimulationLeadership #BudgetingInSimulation #SimulationSustainability

The Peter M. Winter Institute for Simulation Education and Research (WISER) is a world class multidisciplinary training and research facility. WISER is an institute of the University of Pittsburgh with a mission to conduct research and training programs utilizing simulation based education to provide a safer environment for patients of the University of Pittsburgh Medical Center and its affiliates.

Website: http://wiser.pitt.edu
Facebook:   / wisersimulation  
Twitter:   / wisersim