After reading the materials on cost effectiveness and cost benefit–explain and justify where you think your EBP project falls?
With all the changes that are occurring in health care such as pay for performance and value-based purchasing, what are some of the challenges your work environment is facing? What is your organization doing to plan for the financial consequences? Do you see any IHI or NQF initiatives being put into place?
Waxman reviews a number of financial statements. Which statement is most applicable to your current employment setting and why? Are you ever involved with development of this financial statement?
Answer: I work in an outpatient practice, and they use the statement of comprehensive income also referred to as a profit and loss statement (P&L). This is done by the office manager and does not directly involve me.