Cost benefit analysis

 

 


The emergence of technology has changed health care delivery over the last 20 years. Imagine that your clinic proposed adding telemedicine as a health care delivery method.

Outline the specific steps you would take when conducting an analysis to determine the costs and implementations of this addition.
Design a strategic vision that illustrates how your clinic can implement a telemedicine initiative within three years, and decide whether this would be cost-effective for your clinic. Include concepts from readings throughout your program or from peer-reviewed journal articles.
 

Sample Answer

 

 

 

 

 

Implementing a telemedicine initiative requires a multidimensional analysis that balances clinical necessity with financial sustainability. Over the last 20 years, technology has transitioned from a niche "specialty" to a foundational component of the healthcare ecosystem.

 

To determine the viability of adding telemedicine, a Feasibility and Cost-Benefit Analysis must be conducted. This process involves four specific phases:

1. Needs Assessment and Readiness Scan

Clinical Demand: Analyze patient demographics to identify who would benefit most (e.g., chronic disease patients, rural residents, or those with mobility issues).

IT Infrastructure: Evaluate current Wi-Fi strength, hardware capabilities, and Electronic Health Record (EHR) compatibility.

Gap Analysis: Compare current "in-person only" capacity against the potential for "digital-first" volume.