Assignment: Quality Decision Making: Cost-Benefit Analysis
For this assignment, evaluate and analyze the cost and benefit data you developed for the discussions in this unit and Unit 5. Remember that your cost-benefit analysis must relate to one of the following topics:
• Quality.
• Patient safety.
• Risk management.
• Regulatory standards.
• Compliance.
• Patient and stakeholder satisfaction.
Note that an effective cost-benefit analysis cannot be conducted in a vacuum and risk management cannot be effectively implemented within a silo (Youngberg, 2011). Rather, savvy health care leaders consider each cost-benefit analysis within the larger context of industry trends, regulatory requirements, organizational strategy, organizational capacity, and so on.
For this assignment:
• Enter the cost and benefit data you developed for the cost-benefit analysis discussions into the cost-benefit analysis template, linked in the Resources.
• Write a paper in which you do the following:
o Describe the organizational or program/department issue for which you have created the cost-benefit analysis.
o Evaluate the cost versus benefit according to the general guidelines outlined by Plowman's 2014 articles you read in the preparation for this assignment.
o Make a recommendation as to whether the benefits are sufficient to outweigh the costs of proceeding.
o Describe the systems-based context for your recommendations, integrating the cost-benefit analysis within the organization as a whole.
o Describe how the issue relates to the organization's vision, mission, and strategic direction.
o Provide a rationale that explains how your recommendations are appropriate for your organization's capacity and strategy.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.
Attachment:- Cost-Benefit-Analysis-Template.rar