HEALTH FINANCE

250-300 words due thursday by 11:59pm use correct citations

 

A cost-benefit analysis (CBA) and cost-effective analysis (CEA) provide valuable information for individuals responsible for financial planning. These tools are also helpful in health care organizations. The principles of CBA and CEA can also be applied to your personal financial decisions.

To preparefor this Discussion, complete the readings in your Learning Resources. Think of a project or program (e.g. creating a new geriatric health center, purchasing a piece of expensive diagnostic equipment, or adding an employee benefit) in a health care setting. Identify all of the primary and secondary benefits of the program. Also identify the direct and indirect costs.

By Day 4

Posta comprehensive response to the following:

  • Provide a brief description of the project or program you selected.
  • Highlight the primary and secondary benefits of this project. Briefly explain the direct and indirect costs. Are there costs that cannot be quantified? Are there any benefits that cannot be quantified? Why?
  • As a decision maker, how would you use the CBA and CEA for this project?

Be sure to support your work with specific citations from this week’s Learning Resources and/or additional scholarly sources as appropriate. Your citations must be in APA format. Refer to the Essential Guide to APA Style for Walden Studentsto ensure your in-text citations and reference list are correct.

______________________________________

resources

 

Introduction to Health Care Economics & Financial Management

  • Chapter 7, "Cost Allocation and Cost-Finding"In their operating expense budgets, many health care settings budget and report indirect costs generated by departments that provide direct services. This chapter presents an overview of the allocation of indirect costs. The concepts of cost allocation and cost-finding are explained with examples from health care settings.
  • Chapter 8, "Break-Even Analysis"The break-even analysis calculates how much one should charge or how many patients must be seen to cover the cost of doing business in health care. This chapter addresses these factors and includes the calculation and application of the contribution margin as well as the importance of indirect and overhead costs.
     
  • Chapter 9, "Cost-Benefit Analysis and Cost-Effectiveness Analysis"Cost-benefit and cost-effectiveness analyses are the focus of this chapter. This chapter will explain how you evaluate the benefits and resources used between two or more alternative interventions.

 

Optional Resources

Kee, J. E. (1999). At what price? Benefit-cost analysis and cost-effectiveness analysis in program evaluation. The Evaluation Exchange, 5(2 & 3), 4–5. Retrieved from http://www.hfrp.org/evaluation/the-evaluation-exchange/issue-archive/methodology-15/at-what-price-benefit-cost-analysis-and-cost-effectiveness-analysis-in-program-evaluation
Hutton, G. & Reyfuess, E. (2006). Guidelines for conducting a cost-benefit analysis of household energy and health interventions. World Health Organization. Retrieved from https://extranet.who.int/iris/restricted/bitstream/10665/43570/1/9789241594813_eng.pdf
Centers for Disease Control and Prevention. (n.d.). Cost benefit analysis. Retrieved from http://www.cdc.gov/owcd/eet/cba/PrintAll.html

Answers

Related Questions

Near the surface of Earth, an electric field point...

Near the surface of Earth, an electric field points radially downward and has a magnitude of approximately 100 N/C.1)What charge (magnitude and sign)...

Soft tissue has a linear attenuation coefficient i...

Soft tissue has a linear attenuation coefficient in the range of μ = 0.35 cm−1 at 30 keV and μ = 0.16 cm−1 at 100 keV. For this problem we use ...

A uniform electric field of 4.50 kN/C points in th...

A uniform electric field of 4.50 kN/C points in the +x direction.1)What is the change in potential energy of a +2.00 nC test charge, Uelectric, b ...

It was a spectacular failure. The failure was not...

It was a spectacular failure. The failure was not due to extraordinarily strong winds, but rather it was the matching of natural vibration frequency t...

Light attenuation: Using the Beer-Lambert Law: a)...

Light attenuation: Using the Beer-Lambert Law:a) Plot (Ix/Io), versus path length in centimeters, for a 1.0 x 10-3 M solution of an absorber in a 10-c...

We will make about 350 mL of approximately 0.2 M N...

Record this volume in the space provided and on your Report doc.b. We want to use about 20 mL of the NaOH(aq) solution in our titration with the KHP....

You’re driving down the highway late one night a...

You’re driving down the highway late one night at 19 m/s when a deer steps onto the road 38 m in front of you. Your reaction time before stepping on...

A block of a solid is known to contain many dipole...

A block of a solid is known to contain many dipoles aligned in the same direction (such a material is known as an electret). In an electric field of m...

Using a heat pump to heat up a house: How much ene...

Using a heat pump to heat up a house: How much energy do you have to pay in order to add 100 J of heat to the inside of a house with a heat pump which...

A student placed 15.0 g of glucose (C6H1206) in a...

A student placed 15.0 g of glucose (C6H1206) in a volumetric flask, added enough water to dissolve the glucose by swirling, then carefully added addit...

A mass M is located a distance D up aninclined pla...

A mass M is located a distance D up an inclined plane (inclined by an angle theta). The mass is at rest, but it is experiencing the force of gravity...

A fireman 44.0 m away from a burning building dire...

A fireman 44.0 m away from a burning building directs a stream of water from a ground-level fire hose at an angle of 22.0° above the horizontal. If t...

Mrs Aileen Jones a 67 year old lady with a known m...

Mrs Aileen Jones a 67 year old lady with a known medical history of a 6 cm Abdominal Aortic Aneurysm (AAA), collapses in the casualty department that...

A wrecking ball is hanging at rest from a crane wh...

A wrecking ball is hanging at rest from a crane when suddenly the cable breaks. The time it takes for the ball to fall halfway to the ground is 1.4 s....

Mr Chase Hunter is a 31year-old male who was rock-...

Mr Chase Hunter is a 31year-old male who was rock-climbing with two friends at a national park when he suddenly lost his footing and slid approx. 6 me...

Each copper(II) sulfate unit is associated with fi...

Each copper(II) sulfate unit is associated with five water molecules in crystalline copper(II) sulfate pentahydrate (CuSO4· 5 H2O). When this compou...

A voltaic cell has an iron rod in 0.30 M iron(III)...

A voltaic cell has an iron rod in 0.30 M iron(III) chloride solution for the cathode and a zinc rod in 0.20 M zinc sulfate solution for the anode. The...

When 50.0 mL of 0.400 M Ca(NO3)2 is added to 50.0...

When 50.0 mL of 0.400 M Ca(NO3)2 is added to 50.0 mL of 0.800 M NaF, CaF2 precipitates, as shown in the net ionic equation below. The initial temperat...

A car is traveling at 61.6 km/hr on a flat, concre...

A car is traveling at 61.6 km/hr on a flat, concrete highway. If the brakes are applied such that skidding occurs, the kinetic coefficient of friction...

These questions were answered and here is the teac...

Question 70.25 out of 1 pointsExplain the importance of obligatory water losses.Selected Answer:            Obligatory water losses show th...

One such protein is kininogen, which is a lysine-r...

Microsoft Word – CBMS223-assignmentOther plasma proteins have been studied for their ability to bind to glycosaminoglycans. One such protein is kini...

A uniform electric field exists in a region betwee...

A uniform electric field exists in a region between two oppositely charged plates. An electron is released from rest at the surface of the negatively...

A calorimeter contains 19.0 mL of water at 12.5, ^...

A calorimeter contains 19.0 mL of water at 12.5, ^{circ}C. When 2.50 g of rm X (a substance with a molar mass of 59.0 g/mol) is added, it dissolves vi...

The aurora is caused when electrons and protons, m...

The aurora is caused when electrons and protons, moving in the earth’s magnetic field, collide with molecules of the atmosphere and cause them to gl...

If you didn't find the right answer

Ask Your Questions, We'll notify you once someone answers it