Cost benefits presentation

Browse the website in the citation provided below. There are several videos and documents that are education, useful, and interesting. Belk, D. (2017). True cost of health-care. Retrieved from https://truecostofhealthcare.org/ For this assignment, each group will conduct a simple cost-benefit analysis (CBA) for a patient-centered, safety-related healthcare program or service. Each group will develop a PowerPoint presentation to show analysis findings. Use your Penner textbook (particularly, chapters 7, 8, and 9 and appendix 9A) and other scholarly sources to assist with each step. Introduction. (1 slide maximum) Explain the purpose of a CBA, what it entails, and why it is used by nurses. Identify a fictional or non-fictional program or service a health care unit, facility, or organization would consider implementing. (2 slides maximum) One or more group members may collaborate with a nurse manager to determine an appropriate program or service. The group should agree on one program or service to analyze for the purpose of this assignment. Provide a brief rationale for the program or service. (2 slides maximum) Use evidence from peer-reviewed journal articles and any other evidence-based sources to support the rationale. If using real infoCrmation from a workplace, confidentiality must be preserved. Identify the objective function. (1 slide maximum) This function of the program/service must be evidence-based, patient-centered, and patient safety related. The objective function will be written in two statements, the purpose statement and the outcome statement. The purpose statement will be a general statement of what the program or service should accomplish. Example: The purpose of the proposed case management program is to improve skin care for hospitalized patients with decreased mobility. The outcome statement should be specific, measurable, achievable, realistic, and time-bound (SMART). To ensure the outcome statement is SMART, the program outcome statement should identify four things: who the program or service is targeting, what change is expected to take place in the target population as a result of the program or service, how much the outcome should change as a result of the program or service, and when the change should occur. This will require knowledge of baseline information. Information can be obtained from a real workplace, or information can be gathered online, such as through the Centers for Disease Control and Prevention website. Example: The proposed case management program for hospitalized patients with decreased mobility will reduce the percentage of pressure ulcer formation from 25% to less than 15% within one year. Who: Case management program for hospitalized patients with decreased mobility What: reduce percentage of pressure ulcer formation How much: from 25% (baseline) to 15% (new outcome) When: within one year Determine the costs involved with the implementation of the program or service. (1 slide maximum) Consider opportunity costs, direct costs, and indirect costs. See Penner textbook chapters 7 and 8 for a review of capital budget and cost-finding methods. Remember, you must be able to calculate the costs in order to include them in the calculation. For example, if you cannot convert “pain and suffering” to a monetary amount, you cannot include it. Determine the benefits of the program or service. (1 slide maximum) Consider primary and secondary benefits. Again, you must know the monetary value of benefits or be able to convert the benefit into a monetary value in order to include it in the calculation. For example, you can find estimations on how much the hospital costs would be to treat a pressure ulcer. Determine the net benefit of the program or service. (1 slide maximum) To determine this, you must subtract total costs in dollars from total benefits in dollars and explain what the answer means in terms of the likelihood of the program being implemented. For example, if the benefits outweigh the costs, it is likely the program/service will be implemented. If the costs greatly outweigh the benefits, the program/service will likely not be implemented. If the costs and benefits are about the same, it likely will not be implemented. Determine the benefit-cost ratio (B/C ratio). (1 slide maximum) To do this, you must divide the total benefits in dollars by the total costs in dollars and explain what the answer means in terms of dollars lost or generated. Implications. (1 slide maximum) Discuss what the outcome of your analysis might mean for facility policy and/or procedures. For example, will implementation require new policies or new equipment and training? Again, please preserve confidentiality if using real facility information. Limitations. (1 slide maximum) Consider intangibles (things you cannot put a price on) and externalities (ripple effects or unintended side effects as a result of the program or service) Conclusion. (1 slide maximum) Briefly summarize your presentation and send the “audience” home with some “take home” points. References. (1 slide minimum; no slide maximum) Information from sources should be cited on each slide, and all references should be listed in APA format at the end of the presentation. The reference slides are not counted in the total number of slides. For the purpose of this course, groups will not be required to discuss “light-green” and “dark-green” dollars, and groups will not have to take into consideration the concepts of “discounting” and “present value”. I want to do mine on CAUTIs in hospitals Belbcqow is an example :

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