Cost-Benefit Analysis- 3 of 5
GRADING RUBRIC MUST BE FOLLOWED Create a 5–6-page cost benefit analysis that supports a risk financing recommendation …
Cost-Benefit Analysis- 3 of 5
GRADING RUBRIC MUST BE FOLLOWED Create a 5–6-page cost benefit analysis that supports a risk financing recommendation for a selected organization. Questions to Consider: What steps do you need to take in order to align a CBA with an organization’s mission and strategy?If you were to offer three alternative recommendations after a CBA, what types of elements would you consider to differentiate them from one another?How would you substantiate a recommendation for reducing financial risks in a health care setting when the quality of care is involved?What are the three parts of a CBA? Preparation Scenario Suppose an issue has emerged in your organization that presents significant risks to the stakeholders involved. Your supervisor has asked you to conduct a CBA, make a recommendation, and present it to the board of directors. You are expected to consider the numbers within the context of the organizational mission, strategic direction, patient safety, risk-management issues, regulatory requirements, patient and stakeholder satisfaction, and the dynamics within the health care industry. Select a relevant issue within your workplace (or one from the Suggested Resources) for which a CBA may be conducted. The CBA should include one of the following course-related topics: Quality.Patient safety.Risk management.Regulatory standards.Compliance.Patient and stakeholder satisfaction. Instructions Step One: Identify Costs Apply the process from Writing a Cost-Benefit Analysis article (from the Required Resources) to identify costs: Make a list of all monetary costs that will be incurred upon implementation and throughout the life of the project. These include start-up fees, licenses, production materials, payroll expenses, user acceptance processes, training, and travel expenses, among others.Make a list of all non-monetary costs that are likely to be absorbed. These include time, low production of other tasks, imperfect processes, potential risks, market saturation or penetration uncertainties, and influences on one’s reputation.Assign monetary values to the costs identified in steps one and two. To ensure equality across time, monetary values are stated in present value terms. If realistic cost values cannot be readily evaluated, consult with market trends and industry surveys for comparable implementation costs in similar businesses.Add all anticipated costs together to get a total costs value (Plowman, 2014). Step Two: Identify Benefits Continuing with the CBA, proceed with the identification and quantification of benefits, per Writing a Cost-Benefit Analysis article. Make a list of all monetary benefits that will be experienced upon implementation and thereafter. These benefits include direct profits from products or services, increased contributions from investors, decreased production costs due to improved and standardized processes, and increased production capabilities, among others.Make a list of all non-monetary benefits that one is likely to experience. These include decreased production times, increased reliability and durability, greater customer base, greater market saturation, greater customer satisfaction, and improved company or project reputation, among others.Assign monetary values to the benefits identified in steps one and two. Be sure to state these monetary values in present value terms as well.Add all anticipated benefits together to get a total benefits value (Plowman, 2014). Cost-Benefit Analysis Enter the cost and benefit data you developed for the CBA in your preparation steps into the Cost-Benefit Analysis Template, linked in the Required Resources. Then, write an analysis in which you do the following: Describe the organizational, program, or departmental issue for which you have created the CBA.Evaluate the cost versus benefit according to the general guidelines outlined by Plowman’s 2014 article, which you read in the preparation for this assessment.Make a recommendation as to whether the benefits are sufficient to outweigh the costs of the proceeding.Describe the systems-based context for your recommendations, integrating the CBA within the organization as a whole.Describe how the issue relates to the organization’s vision, mission, and strategic direction.Provide a rationale that explains how your recommendations are appropriate for your organization’s capacity and strategy. Your analysis should use proper APA style and formatting and include the following sections. Each section, except the title page, should include the appropriate section heading. Title page: Use APA formatting and include the following:Assessment number (Assessment 3).Your name.The date.The course number (MHA-FP5014).Your instructor’s name.Abstract: Include a one-paragraph summary of analysis content. This is not an introduction to the topic, but a summary of the entire analysis. Make sure to double-space.Issue description.CBA evaluation.CBA recommendations.Context for recommendations.Relationship to vision, mission, and strategy.Rationale.Conclusion.References.Appendix: Attach your completed Cost-Benefit Analysis Template. Additional Requirements Written communication: Written communication should be free from errors that detract from the overall message.Length of paper: 5–6 typed, double-sp pages.Font and font size: Arial, 10-point.Appendix: Include your Cost-Benefit Analysis Template as an appendix to your analysis. Reference Plowman, N. (2014). Writing a cost-benefit analysis. Retrieved from http://www.brighthub.com/office/project-management… Resources: Plowman, N. (2014). Writing a cost-benefit analysis. Retrieved from http://www.brighthub.com/office/project-management… This article discusses how to value risk reductions in the context of benefit-cost analysis. Robinson, L. A., & Hammitt, J. K. (2013). Skills of the trade: Valuing health risk reductions in benefit-cost analysis. Journal of Benefit-Cost Analysis, 4(1), 107–130. This article discusses a cost analysis approach in medical education. Walsh, K., Levin, H., Jaye, P., & Gazzard, J. (2013). Cost analyses approaches in medical education: There are no simple solutions. Medical Education, 47(10), 962–968. This article describes the cost-benefit methodology in terms of criminal justice policy. Manski, C. F. (2015). Narrow or broad cost–benefit analysis [PDF]? Criminology & Public Policy, 14(4), 647–651. Additional Resources for Further Exploration You may use the following optional resources to further explore topics related to competencies. Risk-Management Textbooks Kavaler, F., & Alexander, R. S. (2014). Risk management in health care institutions: Limiting liability and enhancing care (3rd ed). Burlington, MA: Jones and Bartlett. Available from the bookstore.Youngberg, B. J. (2011). Principles of risk management and patient safety. Sudbury, MA: Jones and Bartlett. Available from the bookstore. Risk-Management Professional Organizations The Risk Management Association. (n.d.). Retrieved from https://www.rmahq.org/Default.aspxAmerican Hospital Association. (n.d.). American Society for Health Care Risk Management. Retrieved from http://www.ashrm.org/
NRS 493 GCU PICOT Question for Diabetes Management Project Discussion
Review your problem or issue and the study materials to formulate a PICOT question for your capstone project change propos …
NRS 493 GCU PICOT Question for Diabetes Management Project Discussion
Review your problem or issue and the study materials to formulate a PICOT question for your capstone project change proposal. A PICOT question starts with a designated patient population in a particular clinical area and identifies clinical problems or issues that arise from clinical care. The intervention used to address the problem must be a nursing practice intervention. Include a comparison of the nursing intervention to a patient population not currently receiving the nursing intervention, and specify the timeframe needed to implement the change process. Formulate a PICOT question using the PICOT format (provided in the assigned readings) that addresses the clinical nursing problem.The PICOT question will provide a framework for your capstone project change proposal.In a paper of 500-750 words, clearly identify the clinical problem and how it can result in a positive patient outcome.Describe the problem in the PICOT question as it relates to the following:Evidence-based solutionNursing interventionPatient careHealth care agencyNursing practicePrepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required. This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance.
Rasmussen College Module 5 SBAR Technique Case Study Assignment
The course project in Module 05 is a further examination of a technique that is commonly used for improving communication …
Rasmussen College Module 5 SBAR Technique Case Study Assignment
The course project in Module 05 is a further examination of a technique that is commonly used for improving communication among team members and patients and develop solutions to solve problems to improve organizational function and patient experience. It is called SBAR and stands for Situation, Background, Assessment, and Recommendation.Read through the scenario below and you are required to provide a minimum of 3-5 sentences of each section of SBAR and should be free of spelling and grammatical errors. References are not required but if used, must be cited in proper APA citation format.ScenarioAs a medical administrative assistant working at a healthcare clinic you have noticed in the last month there is an increasing number of patients checking out after their visit unsure of when they should schedule their next visit. This causes you to have to track down a healthcare member from that patient’s healthcare team to determine when the patient needs to reschedule their next appointment. This process takes time, added effort and a delay in assisting other patients along with decreasing the patient’s overall experience. Utilizing the SBAR technique, discuss how communication can be improved between the front desk and healthcare team members along with how this issue can be resolved. You are required to provide a minimum of 3-5 sentences for each section of SBAR and your submission should be free of spelling and grammatical errors. References are not required but if used, must be cited in proper APA citation format. Please download the following assignment template to complete your SBAR assessment:Module 05 Course Project Template.
MN 580 PGU Phenylketonuria Discussion
Phenylketonuria: Topic: Pain Management, Palliative Care, Metabolic, Endocrine, Genetic, and Chronic Conditions Mana …
MN 580 PGU Phenylketonuria Discussion
Phenylketonuria: Topic: Pain Management, Palliative Care, Metabolic, Endocrine, Genetic, and Chronic Conditions Management PlansThis week, we will be discussing pain management, palliative care, metabolic, endocrine, genetic, and management plans with a focus on pharmacological treatment. Discussion on how recommended pharmacotherapy improves pediatric health outcomes in primary care.You are expected to present your initial topic including, but not limited to, the following item: Management plan to include diagnostic testing, medications, follow-up plans, and referrals if needed.
RC Patient Assessment Nurses Prioritizing the Cognitive Function Discussion
An older client was recently discharged from the hospital for evaluation of seizure activity. His history reveals that he …
RC Patient Assessment Nurses Prioritizing the Cognitive Function Discussion
An older client was recently discharged from the hospital for evaluation of seizure activity. His history reveals that he has late-stage Alzheimer’s disease, Parkinson’s disease, hypertension, and type II diabetes mellitus, which is controlled by diet. He lives at home, where his wife and daughter take care of him. His discharge medications include phenytoin (Dilantin), 100 mg BID; hydrochlorothiazide (HydroDIURIL), 50 mg QD; levodopa (Sinemet), 25/100 TID; and haloperidol (Haldol), 1 mg before bed. The client has been referred for home care nursing follow-up.Questions:On the initial home visit by the nurse, what assessments should be made?The wife and daughter need teaching about his antiepileptic medication. What teaching should be included?During the initial home visit, the client experiences a generalized seizure. What action should the nurse take?
California University of Management and Sciences Professionalism and Social Media Paper
Social media plays a significant role in the lives of nurses in both their professional and personal lives. Additionally, …
California University of Management and Sciences Professionalism and Social Media Paper
Social media plays a significant role in the lives of nurses in both their professional and personal lives. Additionally, social media is now considered a mainstream part of the process for recruiting and hiring candidates. Inappropriate or unethical conduct on social media can create legal problems for nurses as well as the field of nursing.Login to all social media sites in which you engage. Review your profile, pictures and posts. Based on the professional standards of nursing, identify items that would be considered unprofessional and potentially detrimental to your career and that negatively impact the reputation of the nursing field.In 500-750 words, summarize the findings of your review. Include the following:Describe s or conversations in which you have engaged that might be considered inappropriate based on the professional standards of nursing.Discuss why nurses have a responsibility to uphold a standard of conduct consistent with the standards governing the profession of nursing at work and in their personal lives. Include discussion of how personal conduct can violate HIPAA or be considered unethical or unprofessional. Provide an example of each to support your answer.Based on the analysis of your social media, discuss what areas of your social media activity reflect Christian values as they relate to respecting human value and dignity for all individuals. Describe areas of your social media activity that could be improved.Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required._________________________________________________________________________________________ Topic: Resume and Cover Letter An applicant’s professional history and qualifications are outlined in a resume. A cover letter is a way for the applicant to make a professional introduction to the hiring manager and demonstrate an interest in the company.Develop a current resume and create a formal cover letter for a position for which you would like to apply. Create both the cover letter and resume using a professionally accepted format.Include the following:Resume: Detail your overall education, credentials, and professional experience, such as licenses, earned degrees, certifications, professional experiences, previous positions held, membership in professional organizations, publications, and skills.Write a one-page double sp introductory cover letter in which you explain your professional objectives, professional interests, and strengths as an applicant.Prior to submission, share your resume with a colleague and obtain feedback. Revise your resume as neededWhile APA style format is not required for the body of this assignment, solid academic writing is expected, and in-text citations and references should be presented using APA documentation guidelines, which can be found in the APA Style Guide, located in the Student Success Center.
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