Reducing Costs and Improving Education with ExamSoft

February 26, 2018 Mallory Stein

Throughout the years, educational institutions have struggled to improve education with reduced budgets. Always asked to do more with less, it’s abundantly clear that programs and educators need help. Thankfully, there is a solution—a technological solution. Institutions can look to optimize their assessment processes, reduce the workloads for their instructors, and save on much-needed costs by adopting innovative technological solutions.

Achieving Programmatic Efficiency

Strict financial budgets make it difficult for institutions to obtain programmatic efficiency and optimization. They simply can’t afford to spend extra money on more staff, classrooms, and administrators. The New England Board of Education recommends that colleges and higher education institutions lower expenses and reduce costs by leveraging technology and innovations to create new models of operation. ExamSoft has helped many programs remodel their assessment processes by simplifying the way these programs manage assessment with a one-stop platform for item banking and exam creation, delivery, and reporting. By using ExamSoft’s embedded-assessment platform, educators will have to spend less time on building, delivering, and grading assessments and will be able to spend more time on teaching and supporting students.

Cost Saving with Computer-Based Testing

There is no question that cost saving is a tremendous challenge for educational institutions, but it’s not an impossible task. One way programs can save money is to adopt a computer-based testing platform. Richard E. Murphy from Tufts University School of Medicine calculated that paper printing for only one cohort of 30 students over a 25-month period cost $4,217. It’s important to also note that this cost didn’t include time and salary expenses that were saved due to decreased time faculty had to spend preparing, printing, and grading exams by hand. ExamSoft’s embedded-assessment platform gives educational programs the power to deliver exams electronically on many device types, including Mac/PC laptops, iPads, and Surface Pros. The cost savings that educational institutions stand to gain by using ExamSoft’s assessment platform can help reduce the need for budget cuts.

Student Retention and Remediation Opportunities Using ExamSoft

You would be hard pressed to find an educational program that doesn’t hold student remediation and retention at the top of its list of priorities, but the big question is how do schools on a strapped budget continue to improve student learning? The National Center for Academic Transformation suggests that higher education institutions use information technology and continued assessment to provide students with quality feedback and individualized support.

The results of this kind of system can be seen in the The Touro College of Osteopathic Medicine’s (TouroCOM) data-driven feedback system. Using ExamSoft’s embedded-assessment platform, it leveraged ExamSoft’s detailed reporting capabilities to quickly identify and remediate at-risk students. After using ExamSoft for just three years, TouroCOM saw an increase of 20 percent in board passage rates and a decrease of 6 percent in attrition rates, and it ultimately led to the school reclaiming $2.2 million per year in lost revenue.   

Information technology remains one of the best solutions to improving the quality of education while reducing costs for institutions facing decreased funding and impending budget cuts. More than 1,300 K-12, undergraduate, and higher education programs worldwide have turned to ExamSoft’s software to help reinvent their assessment processes and maximize cost savings. Get the process started for your institution. Schedule a demo with us today.

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