Analyzing Health Care Decision Making
A number of quantitative methods are utilized to make decisions and recommendations in health care.Quantitative methods are used to analyze and predict the demand for patient services, to determine capital expenditures for facility and technology enhancements, and to guide the manager in implementing quality controls.As a manager, whether or not you are familiar with quantitative methodologies, you are responsible for the outcomes of implementing the decision based on the method used.
Your agency/institution has noted a negative trend in profitability for a diagnostic imaging cost center over the past 4 quarters.
As a manager, youneed to make some recommendations to take to your board of directors to reverse the negative trend. Your first priority is to find a quantitative method to help you in making decisions.
1) Choose a quantitative method (e.g., the decision tree model).
2) Describe the model you are using.
3) Outline at least 4 proposed solutions to your Board of Directors, and analyze the strengths and weaknesses of each, with regard to return on investment (ROI), break-even analysis, and improvement in patient demand, improved patient safety/quality, and so forth.
4)Summarize how the decision-making method helped you make objective recommendations to the Board of Directors.
Additional information:4 pages original content, current References and in-text citations (APA Style format).
Execute and employ appropriate quantitative and qualitative techniques to manage and allocate human, fiscal, technological, informational, and other important resources.