(84) Beyond the Screen: A Financial Comparison of Virtual Labs and Conventional Methods of Simulation

Abstract: The use of virtual reality (VR) in simulation is emerging as an innovative tool in healthcare education. Both VR and traditional simulation offer active learning experiences to students, which have been proven to enhance clinical skills and judgment. This abstract explores the cost-effectiveness of integrating VR simulation into nursing education programs by comparing the expenses of VR use to the expenses of using traditional simulation methods.

While initial investments in VR technology may seem expensive, studies show that the long-term benefits can outweigh the initial costs by improving student outcomes and reducing errors in clinical practice. Virtual reality has the potential to give more students a consistent learning experience as opposed to traditional simulation. This project examines various studies that demonstrate how VR can provide consistent learning experiences, enhance learner engagement, and provide immediate feedback without the expenses associated with similar traditional simulations.

The expenses associated with traditional simulation include costs of audio-visual equipment, high-fidelity manikins, warranties, maintenance, medical supplies, and staffing. By showcasing successful implementations and financial analyses from institutions that have adopted VR simulation, we intend to illustrate how VR technology can both improve educational quality and reduce those expenses. In summary, we will show how a nursing program can use VR to provide simulation experiences to students that are equal to, if not more consistent and more cost-effective, in relation to traditional simulation.

Please include a short summary of your presentation that highlights why an attendee would want to view your poster.: Our poster will present a comparison of the short-term and long-term financial investments related to VR Sim versus traditional simulation methods. We aim to highlight the cost effectiveness of VR Sim for programs that may be hesitant to make the initial investment.