Cost Benefit Analysis

Consider and restate your PICO(T) and the proposal for your final project. When you think of it as a type of new program development, what specific information will you need to obtain to create the cost-benefit analysis as part of your business plan for the project?

Solution

As a likely research, the following PICOT question can be asked: in patients that are identified as high risk for developing a pressure ulcer (P), does the implementation of a pressure ulcer protocol initiated in the emergency department (I) as compared to patients who receive usual care (C), reduce the incidence of hospital-acquired pressure ulcers (O) on day 3 of hospitalization (T)?

CBA is a simple and quick method you are able to utilize for non-critical monetary decisions. Where choices are mission critical, or maybe huge sums of cash are required, some other methods – for example use of Net Present Values as well as Internal Rates of Return – tend to be………..please follow the link below to purchase the solution at $5