Assignment DetailsAnalyzing Health Care Decision MakingA number of quantitative methods are utilized...

Question

Assignment DetailsAnalyzing Health Care Decision MakingA 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. Whether or not you are familiar with quantitative methodologies, as a manager, you are responsible for the outcomes of implementing the decision based on the method used.Your agency or institution has noted a negative trend in profitability for a diagnostic imaging cost center over the past 4 quarters.As a manager, you need 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. Complete the following:Choose a quantitative method (e.g., the decision tree model).Describe the model that you are using.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, break-even analysis, improvement in patient demand, improved patient safety and quality, and so forth.Summarize how the decision-making method helped you make objective recommendations to your board of directors.

Pragnya · Accepted Answer

Running Head- ANALYZING HEALTHCARE DECISION MAKING	1
ANALYZING HEALTHCARE DECISION MAKING	3
ANALYZING HEALTHCARE DECISION MAKING
Abstract
The current post deals in analyzing the prevailing issues in the radiology and sonography departments of the healthcare center, where losses are identified, but without any concrete reason for the same. Hence, quantitative analysis and research methods have been suggested in this post to identify the root cause of this, with the Decision Tree Model being pointed out as the most suitable tool for doing this research. Based on this research, the reasons have been identified to be computational, administrative, medical and other aspects, which can be solved by some probable methods such as providing better skilled physicians, long-term investment in infrastructure, equal distribution of fund and advertising the center. Lastly, a reflection has been drawn of the problems faced in the healthcare organization.
Table of Contents
An Overview on the Scenario	4
Quantitative Methods in Healthcare	4
Decision Tree Model	4
Proposed Solutions	5
Summary	6
Dealing with the Problems Faced by Healthcare Organizations	7
References	8
An Overview on the Scenario
A negative trend has been observed while analyzing the profitability in the diagnostic imaging cost center. The trend has been found to be related to the sonographic and radiology units. The trend is declining from over the past four quarters in the current financial year. A meeting with all the administrative staffs and physicians was held to discuss the reasons, suggestions and any probable solutions for the on-going issue. The institution has thus been facing challenges in regular medical, administrative, computational, and other miscellaneous activities. A quantitative analysis is required to target the root cause of this fall to assess an efficient care, good service and financial benefit for the organization (McCusker & Gunaydin, 2015).
Quantitative Methods in Healthcare
Healthcare sectors are one of the most complex systems. The increasing demand of patients for cost effective treatment, rising cost of infrastructure and day-to-day emerging diseases make it more challenging to address the problems and its solutions. Therefore, a mathematical and statistical analysis to maximize the economic sustainability of the organization is highly required (Roberts, Fisher, Trowbridge & Bent, 2016).
Decision Tree Model
A decision tree model is a graphical representation or mapping of various possible outcomes of a set of related decisions or alternative solutions. The node of the decision tree denotes the main target and the possible solutions can be derived from that node and branched further accordingly.

Assignment Details 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...

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment