Healthcare cost-benefit analysis

Healthcare cost-benefit analysis

Conduct a cost-benefit analysis using a template, then explain the concept of opportunity cost and how a cost-benefit analysis aligns with organizational needs. Recommend a plan of action based on the cost-benefit analysis.

Note: The assessments in this course build upon each other, so you are strongly encouraged to complete them in sequence.

ODER-NOW FOR ORIGINAL, PLAG-FREE PAPER

By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:

Competency 1: Develop financial strategies to address dynamic environmental forces. (L24.2, L24.5, L17.

1. Recommend a plan of action based on a cost-benefit analysis.

  • Competency 2: Analyze the cost and revenue implications for organizational changes due to environmental forces. (L18.2, L12.1)

2. Analyze the cost and benefits of purchasing equipment for a health care organization.

2. Explain the concept of opportunity cost.

2. Explain how a cost-benefit analysis aligns with organizational need and future growth.

  • . Competency 4: Communicate in a manner that is scholarly, professional, and consistent with expectations for professionals in health care administration. (L6.1, L6.2, L6.3, L6.4)

3. Write content clearly and logically with correct use of grammar, punctuation, and mechanics.

3. Format citations and references using APA style.

Questions to Consider

To deepen your understanding, you are encouraged to consider the questions below and discuss them with a fellow learner, a work associate, an interested friend, or a member of your professional community.

  • . What are the differences between variable and fixed costs? How do these affect financial forecasting?
  • What is the purpose of a cost-benefit analysis?

Healthcare cost-benefit analysis