Cost Saving Analysis
Prepare a spreadsheet of cost savings data showing efficiency gains attributable to care coordination over the course of one fiscal year, and report your key findings in an executive summary, 4-5 pages in length.
Information plays a fundamental role in health care. Providers such as physicians and hospitals create and process information as they deliver care to patients. However, managing that information and using it productively poses an ongoing challenge, particularly in light of the complexity of the U.S. health care sector, with its many diverse settings for care and types of providers and services. Health information technology (HIT) has the potential to considerably increase the productivity of the health sector by assisting providers in managing information. Furthermore, HIT can improve the quality of health care and, ultimately, the outcomes of that care for patients.
The use of HIT has been upheld as having remarkable promise in improving the efficiency, quality, cost-effectiveness, and safety of medical care delivery in our nation’s health care system. This assessment provides an opportunity for you to examine how utilizing HIT can positively affect the financial health of an organization, improve patient health, and create better health outcomes.
Determine how care coordination can reduce costs. Compile your cost savings data in a spreadsheet, using Microsoft Excel or Word Table. Your spreadsheet should contain at least four cost-saving elements. Identify the cost-saving element, current costs, and anticipated savings.
- Describe ways in which care coordination can generate cost savings.
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- What are your primary evidence-based sources of information?
- Are your conclusions substantiated by the data?
- What assumptions, if any, underlie your analysis?
- Explain how care coordination can promote improved health consumerism and effect positive health outcomes.
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- What evidence do you have to substantiate your claims?
- Describe at least five ways in which care coordination efforts can enhance the collection of evidence-based data and improve quality through the application of an emerging health care model.
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- Choose any emerging health care model.
- Present cost savings data and information clearly and accurately.
- Support main points, claims, and conclusions with relevant and credible evidence