Papers-Thought Leadership HCCS White Paper: KnowledgeQ | Page 4

manage to success! cut costs, save time, & collaborate: Compliance training is a mandatory expense for your organization. KnowledgeQ provides you with powerful data that informs you of a realistic estimate of the actual cost of your program—and, importantly, how you can achieve the same or greater effectiveness while trimming your budget. ™ The cost of your compliance training program extends beyond the purchase of software and content. For the first time in the industry, KnowledgeQ allows you to understand and accurately measure the amount of time your staff is taking to complete coursework and the estimated costs of this program to your organization. Labor rate data from the Bureau of Labor and Statistics is built into KnowledgeQ by zip code, which provides an hourly rate for over 40 job categories. You’ll be able to determine the true costs of your training program—and, importantly, compare your costs to other healthcare organizations’ costs. Your training effectiveness can be assessed relative to cost in a direct manner never before possible. ™ ™ 4 hccs white paper: KnowledgeQ Annual Regulatory Training Requirements As a management tool, KnowledgeQ also allows you to create an online discussion about your findings with your colleagues down the hall or across the nation. This feature allows you to collaborate with others in your organization and take action based on what you discover in the data. ™