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:       Describe the organizational or program/department issue for which you have created the cost-benefit analysis. Evaluate the cost versus benefit according to the general  guidelines outlined by Plowman’s 2014 articles you read in the  preparation for this assignment. 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.

Your paper 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. Include:         Assignment number, Unit 6, Assignment 1. Your name. The date. The course number, MHA5014. Your instructor’s name. Abstract, which will consist of a one-paragraph summary of the  paper content. This is not an introduction to the topic, but a summary  of the entire paper. Make sure to double space. Issue Description. Cost-Benefit Analysis Evaluation. Cost-Benefit Analysis Recommendations. Context for Recommendations. Relationship to Vision, Mission, and Strategy. Rationale. Conclusion. References. References

Plowman, N. (2014). Writing a cost benefit  analysis. Retrieved from  http://www.brighthubpm.com/project-planning/58181-writing-a-cost-benefit-analysis/

Youngberg, B. J. (2011). Principles of risk management and patient safety. Sudbury, MA: Jones and Bartlett. Assignment Requirements Written communication: Written communication is free from errors that detract from the overall message. Length of paper: 5–6 typed double spaced pages. Font and font size: Arial, 10 point.

Review the scoring guide for this assignment for more information about assignment requirements.

Submit your Excel spreadsheet and your paper in the assignment area.

Note: Your instructor may also use the Writing  Feedback Tool to provide feedback on your writing. In the tool, click  the linked resources for helpful writing information. Resources Quality Decision Making: Cost-Benefit Analysis Scoring Guide.  APA Style and Format. Cost-Benefit Analysis: A Template. Writing a Cost-Benefit Analysis. Writing Feedback Tool. APA Paper Template. APA Paper Tutorial.