In: Nursing
Use these terms to answer these questions (can use more than once) Break-even analysis, Benefi-Cost analysis, Cost Effectiveness analysis
If your boss wants to know how many cases of obesity need to be eliminated in a year to offset the cost of your weight management program, you should use:
If you want to show your boss that a program with health coaches is worth the high cost since it will ultimately result in larger positive health outcomes and reduced health care cost, you should use:
If you want to show your boss that a smoking cessation program without expensive materials will result in just as many non-smokers as a program with expensive materials, you should use:
ANSWER 1
BREAK EVEN ANALYSIS should be used to know how many cases of obesity needs to be eliminated/year to offset the cost of weight management program.
POINTS TO PONDER
Break even analysis is a useful tool for determining at what point a programme , a new product or service, will be profitable.
It determines the number of products or services you need to
sell to at least cover your costs.
When you’ve broken even, you are neither losing money nor making
money, but all your costs have been covered.
ANSWER 2
BENIFIT COST ANALYSIS should be used to show that a programme with health coaches is worth its high cost.
POINTS TO PONDER
It helps to decide whether the advantages of a particular action are likely to outweigh its drawbacks.
It helps to determine if the project is sound, justifiable and feasible by figuring out if its benefits outweigh costs.
ANSWER 3
COST EFFECTIVENESS ANALYSIS should be used to show that smoking cessation programme without expensive material will result in as many non smokers as any other expensive project.
POINTS TO PONDER
Cost-effectiveness analysis is
a way to examine both the costs and health
outcomes of one or more interventions.
It compares an intervention to another intervention
and helps to redirect resources to achieve
more.
It demonstrates not only the utility of a programme from ineffective to effective interventions, but also th from less to more cost-effective interventions.