February 7, 2019 - Among a record number of award submissions in 10 categories, Saskatchewan Health Research Foundation (SHRF) was recognized by the ROI Institute as one of their 2017-2018 award winners for most innovative approach to ROI (Return On Investment).
The ROI Institute gives this award “to the individual or organization that shows the most creativity in the implementation of the ROI Methodology. Innovation can occur in data collection, analysis, or reporting, or it can involve creativity in getting others involved, using data, and building capability”.
The report states that measuring the impact of health research has several challenges including distinguishing between attribution and contribution, the time lag between research project and observing impact, and the fact that one research project adds to a body of knowledge and is not likely the only source of information for decision and policy makers. Although complex, examining new and innovative ways to measure the impact and return on provincial research investment is important and needed.
The application of the Phillips ROI Methodology to SHRF’s Collaborative Innovation Development grant program showed that there is a return of $2.62 dollars for every dollar invested into this program.
“It is an honour for SHRF to be recognized for the work we have done on measuring and demonstrating the impact of Saskatchewan health research,” says Patrick Odnokon, CEO of SHRF. “This case study represents only a fraction of the impact health researchers have on our provincial economy, health system, communities, citizens and patients.”
SHRF joins the list as the only Canadian organization among a list of global winners of ROI Institute’s Awards.
About SHRF – Saskatchewan Health Research Foundation (SHRF) is the provincial funding agency that funds, supports and promotes the impact of health research that matters to Saskatchewan. SHRF collaborates with stakeholders to contribute to the growth of a high-performing health system, culture of innovation and the improved health of citizens by strengthening research capacity and competitiveness, increasing the investment in health research in Saskatchewan and aligning research with the needs of our stakeholders.
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