Cost Benefit Analysis
Cost Benefit Analysis Content
- Develop a cost benefit analysis for your current QI project related to the increase number of resident falls in your long-term care facility. Some of these figures may be estimates although please include the specific process details if you don’t have the exact figures.Use a tool you find or develop a tool to help you monitor the costs of your overall QI project. Cost may be related to staff time, materials, training, and/or any facility or operational investments (structural, electronic, new equipment, etc.). Benefits may result from changes in costs, revenue, or efficiency (e.g., required FTEs and/or overtime)