Return-on-investment report: Worth every cent and more
Health Libraries Inc. (HLI), the Australian Library and Information Association (ALIA) and Health Libraries Australia (ALIA HLA) have released a study indicating that hospitals and other healthcare organisations gain a $9 return for every dollar they invest in their health libraries.
The partners commissioned SGS Economics and Planning to survey health libraries across the nation and assess the return on the annual investment in these services to their organisations.
The results demonstrate the ongoing and exceptional value of health libraries despite increased service demand and reductions in the amount organisations are currently investing in their libraries. While patient numbers, medical staff and hospital expenditure have increased, health library budgets, space and staffing levels continue to be cut.