For this assignment, evaluate and analyze the cost and benefit data you develop. 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:
Describe the organizational or program/department issue for which you have created the cost-benefit analysis.
Evaluate the cost versus benefit.
Make a recommendation as to whether the benefits are sufficient to outweigh the costs of proceeding.
Describe the systems-based context for your recommendations, integrating the cost-benefit analysis 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.
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