The overall irr process.
IRR Phase | Step | Questions for the Researchers | Publication Considerations | |
---|---|---|---|---|
(Overall Coding and) IRR process | 1 | Justification of approach | Before embarking on this approach, have you considered other methods of data analysis? | |
2 | Initial coding | Have you identified if you are open coding or using codes, or a combination? | ||
3 | Production of codebook | Has the first coder produced and disseminated a book of codes and descriptions? | ||
4 | Training of coding team | Has the coding team been trained in identifying and recording codes (and any related software)? | ||
5 | Proportion of multiple coding | Have you decided when you will stop multiple coding and assess IRR? | ||
IRR measures | 6 | Analysis of coding comparisons | Have you considered the different methods for comparing IRR (e.g., coding stripes and the various statistics)? Have you considered the length of coding stripes for passages? | |
7 | IRR statistics reported | Have you decided what types of IRR statistics to present and in what format? | ||
8 | Acceptable levels of IRR | Has the acceptable level of IRR been determined? Are you showing a movement from weak to strong codes? Are you demonstrating poor codebook development that needs strengthening or complex constructs? | ||
Reconciliation of IRR differences (and presentation of results) | 9 | Details of reconciliation | Have you developed a process for reconciliation? Does the coding team understand the process for reconciling differences? | |
10 | Details of absorption | Have you decided how you will interpret first and second order code constructs and categories? And, have you decided on the options for ‘rejected’ codes? | ||
11 | Participant validity | Have you invited your subjects to validate your results? | ||
12 | Triangulation of data sources | Have you considered how the coding protocol might change for different types of data (e.g., interview and document)? Have you considered how you will present the analysis of different types of data sets? | ||
13 | Presentation of results | Have you considered different methods of presenting coded data? |
Condition | Assessment of IRR Suitability | Justification | |
---|---|---|---|
Maturity of the field | Mature | Highly suitable | IRR can be used irrespective of the maturity of the field; but in more mature fields of research, where there is greater prior understanding of a phenomenon, researchers may arrive at a stable working set of codes more quickly making coding and reaching agreement arguably more straightforward. Thus, the maturity of the field does not affect if IRR can be used but it may affect, to some degree, how it is used or the number of iterations. |
Nascent | Highly suitable | ||
Type of theory application | Building | Highly suitable | IRR can be used with a range of theory applications, including theory building and theory testing approaches. The process however may differ according, for example, to the deductive versus inductive nature of the research (e.g., whether codes are derived from the literature or if codes emerge from the data—also closely linked to the maturity of the field). |
Testing | Highly suitable | ||
Availability of data | High | Highly suitable | Some form of data are necessary for IRR to be applied, most typically in text format, e.g., interview transcripts, detailed interview notes, diary entries, newspaper reports, company reports, etc. A greater amount of data arguably leads to greater complexity, which may mean there is more cause to check the consistency of the interpretation. |
Low | Unsuitable | ||
Number of types of data | Multiple | Highly suitable | IRR supports the analysis of singular or multiple data sources. In the context of multiple data sources, it enables them to be compared and integrated providing the same codebook can be used across data sources or formats. |
Singular | Highly suitable | ||
Reliance on the coding team understanding the context | Low | Highly suitable | When there is a low reliance on understanding the context, multiple coders can code and interpret the text irrespective of whether they were involved in the collection of any primary data. In abductive reasoning, understanding the discipline is often unnecessary as by its very nature abductive coding can go out of the predominant theoretical field—that is, the highly iterative nature of the process may take researchers down any theoretical route. In deeply ethnographic studies, it becomes more difficult for multiple coders to be involved in coding and validation as there can be a strong need to understand the idiosyncratic context in which qualitative data has been collected. |
High | Unsuitable | ||
Power structure (composition and organization of research team) | Autocratic | Highly suitable | IRR benefits from an autocratic and democratic reconciliation process where power dynamics are fair and equal. Unequal power dynamics are likely to prove problematic for IRR which needs the research team views to be considered equal to avoid skewing the data toward the views of the senior member(s). Research teams often boast a principal investigator but this does not necessarily mean a hierarchical composition of the research team in terms of power dynamic. Due to the nature of the iterative process needed, IRR is unlikely to prove successful in an unstructured culture of a chaotic team composition. |
Democratic | Highly suitable | ||
Hierarchical | Unsuitable | ||
Chaotic | Unsuitable | ||
Use of qualitative data analysis software | Yes | Highly suitable | IRR does not rely on using qualitative data analysis software; but the use of such software improves the audit trail and it also makes sharing data, involving multiple (potentially geographically dispersed) coders, and (re-)calculating the IRR statistic quicker and more straightforward. Thus, the use of software is advised but is not a prerequisite for the IRR approach. |
No | Suitable |
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Mcg 27th edition ambulatory care interrater reliability.
MCG (formerly referred to as Milliman Care Guidelines) is a tool that is used to help clinicians complete case reviews and make clinical decisions. The MCG 27th Edition Interrater Reliability (IRR) consists of scenarios that allow users to demonstrate their ability to use the tool correctly by applying the most appropriate ambulatory care evidence-based guideline to each case review.
Course last reviewed: 3/31/2023
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Faculty/Planners Rebecca Gleason, RN, CCM Clinical Planner OptumHealth Education
Katherine Dittmer BSN, RN Associate Director Clinical Adherence and Remediation Clinical Consistency and Safety Clinical Performance Optum
Jennifer Every BSN, RN, CCM Training Consultant Clinical Adherence and Remediation Clinical Consistency and Safety Clinical Performance Optum
Katie Shelton MSN, RN, CCM Training Consultant Clinical Adherence and Remediation Clinical Consistency and Safety Clinical Performance Optum
Brian J Kennedy, MD MBA Senior Medical Director Clinical Performance Optum
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The internal rate of return is the discount rate that sets the present value of all cash inflows of a project equal to the present value of all cash outflows of the same project. In other words, it is the effective rate of return that makes a project have a net present value of zero. Thus:
NPV = 0 if r = IRR, for any given project.
PV outgo = PV income when r = IRR
The internal rate of return method of project appraisal assumes that all proceeds from the project can be re-invested immediately, and in projects offering returns equal to the IRR, until maturity. A higher IRR indicates a more “profitable” project.
You should note that the IRR need not be positive – It can be zero or even negative. A positive return indicates that the project makes money for the investor. A zero return indicates that the investor is neither profitable nor loss-making. Lastly, if the IRR is negative, the investor loses money. However, if the IRR is less than -1, it means the yield or rather the return is undefined.
The internal rate of return is usually compared to the cost of capital, usually the weighted average cost of capital, WACC. A project whose IRR is above its WACC increases the shareholders’ wealth. Otherwise, it would be unwise to borrow cash at an interest rate, say, 10% and then invest the money in a project with a rate of return less than 10%. The borrower would be unable to service the loan.
Usually, candidates cannot solve questions involving IRR directly and you may need to carry out linear extrapolation. Working with a spreadsheet or calculator is also a better, easier approach. However, you should aim to understand the manual approach first. It will then be easier to use a calculator.
Question Suppose we have a project with the following cash flows; Outgo: $150,000 at t = 0, $250,000 at t = 1, and some more $250,000 at t = 2 Income: $1 million at t = 3 Find the IRR of the project. A. 25.2% B. 0% C. 23% Solution The correct answer is A. We need to find the rate r such that: $$ -150,000 – 250,000(1 + r)^{-1} – 250,000(1 + r)^{-2} + 1000,000( 1 + r )^{-3} = 0 $$ $$ \text{At } 20\%, -150,000 – 250,000 * 1.2^{-1} – 250,000 * 1.2^{-2} + 1000,000 * 1.2^{-3} = 46,800 $$ $$ \text{At } 25\%, -150,000 – 250,000 * 1.2^{-1} – 250,000 * 1.2^{-2} + 1000,000 * 1.2^{-3} = 2,000 $$ We can approximate r by linear extrapolation using the two values: $$ r = 20\% + \cfrac {(0 – 46,800)}{(2 – 46,800)} * (25\% – 20\%) = 25.2\%$$ Suppose the WACC is 20% in the example above. What would be your advice to investors? Since WACC (20%) is less than IRR (25.2%), the project is economically viable and would increase the investors’ wealth. Conclusion : A capital project should be accepted if its IRR is greater than the cost of capital.
Reading 7 LOS 7a (Part 2)
Calculate and interpret the net present value (NPV) and the internal rate of return (IRR) of an investment.
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Available Answers. The surgeon is enrolled as a Health First Colorado provider and appropriately licensed. The services are within the scope of the provider's practice. The provider is knowledgeable about gender non-conforming identities and expressions and the assessment and treatment of gender dysphoria. The patient Is 18 years of age or older.
Interrater Reliability supports your efforts in meeting URAC and NCQA requirements by documenting the consistent and appropriate use of nationally recognized guidelines, testing your staff's ability to find the right guideline sections and apply them appropriately to a clinician-written case study. Automated grading and record-keeping track ...
The MCG Interrater Reliability (IRR) consists of scenarios that allow users to demonstrate their ability to use the tool correctly by applying the most appropriate inpatient and surgical care evidence-based guideline to each case review. Course last reviewed: 7/1/2022. This activity is provided by Optum Health Education and Optum. No commercial ...
Interrater reliability (IRR) is one of the four main types of reliability. It refers to the extent of consistency in scoring (measurement) between two or more raters, observers, judges, or scorers ...
An inter-rater reliability assessment can be used to measure the level of consistency among a plan or provider group's utilization management staff and adherence to organizational medical management criteria or standards. Reasons for conducting an inter-rater reliability study within an organization include: Minimizing variation in the ...
IRR has helped MCG clients to achieve measurable improvements in care guideline usage. By consistently using IRR over the course of three years, St. Joseph Health System increased their appropriate guideline-selection rate from 72% all the way up to 89%. Topping that impressive gain, a regional hospital system that attended our 2019 Client ...
list of case study tests, test answer keys and a detailed administrator guide to manage system use and report on Interrater Reliability ... MCG - part of the Hearst Health network 901 Fifth Avenue, Suite 2000, Seattle, WA 98164 | 888 464 4746 | www.mcg.com IRR-001 12/16 Care Guidelines Covered: The Interrater Reliability Module offers test ...
Procedure: The IRR process consists of the following: Staff are assigned a minimum of (2) IRR test scenarios based on the types of clinical reviews they perform in Utilization Management (Inpatient, Outpatient, etc.) BSC utilizes MCG's IRR developed tests as they support compliance with federal and state parity mandates as well as URAC and ...
By integrating denial prevention strategies tied to proper guideline use, Loma Linda has significantly reduced denials. Learn practical tips for using IRR, as well as how to optimize the use of MCG's LMS to provide a comprehensive training program and develop staff competencies. Highlights include: How IRR is used to evaluate proper guideline ...
The use of inter-rater reliability (IRR) methods may provide an opportunity to improve the transparency and consistency of qualitative case study data analysis in terms of the rigor of how codes and constructs have been developed from the raw data. Few articles on qualitative research methods in the literature conduct IRR assessments or neglect ...
Study with Quizlet and memorize flashcards containing terms like • Benefit plans vary in coverage and some plans may not provide coverage for certain services discussed in the customized guidelines. Coverage decisions are subject to all terms and conditions of the applicable benefit plan, including specific exclusions and limitations, as well as applicable state and/or federal law.
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The MCG 27th Edition Interrater Reliability (IRR) consists of scenarios that allow users to demonstrate their ability to use the tool correctly by applying the most appropriate ambulatory care evidence-based guideline to each case review. Course last reviewed: 3/31/2023. This activity is provided by Optum Health Education and Optum Care. No ...
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Currently, MCG care guidelines are licensed by nine of the largest U.S. health plans and over 2,200 hospitals, making them a rare common ground between the payer and provider communities. On March 18, 2021, MCG will offer a free webinar to all MCG clients who wish to learn more about the changes in the 25 th edition.
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Case Study. MCG Certification for Behavioral Health. 7/9/2024 Lily Tesfaye Comments (0) Share . In July 2024, MCG Health introduced a new certification course designed specifically for healthcare professionals utilizing MCG Behavioral Health Care guidelines. This certification is essential for supporting utilization and case management staff ...
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Lastly, if the IRR is negative, the investor loses money. However, if the IRR is less than -1, it means the yield or rather the return is undefined. The internal rate of return is usually compared to the cost of capital, usually the weighted average cost of capital, WACC. A project whose IRR is above its WACC increases the shareholders' wealth.
View the real world case studies of payers and providers who have achieved improvement through use of the healthcare management solutions we provide. About. Company Overview ... MCG Community; Customer Support; Education & Training; Care Guidelines Certification; MCG Solution Specifications. 28th Edition Technical Specifications;