(NLM)D156 NURS 6432 ( Business Case Analysis for Healthcare Improvement) Comprehensive OA Exam (NLM)D156 NURS 6432 ( Business Case Analysis for Healthcare Improvement) Comprehensive OA Exam (NLM)D156 NURS 6432 ( Business Case Analysis for Healthcare Improvement) Comprehensive OA Exam
,1. Multiple Choice: What is the primary goal of conducting a
business case analysis in healthcare improvement?
A) To reduce operational costs
B) To improve patient outcomes
C) To increase healthcare staff satisfaction
D) To comply with regulatory standards
Correct Answer: B) To improve patient outcomes
Rationale: The primary goal of business case analysis in
healthcare is to enhance patient outcomes by identifying
cost-effective and efficient methods of delivering care.
2. Fill-in-the-Blank: The ________ model is a strategic tool
used in business case analysis to assess the strengths,
weaknesses, opportunities, and threats related to
healthcare improvement.
Correct Answer: SWOT
Rationale: The SWOT model is crucial for understanding
the internal and external factors that can impact the
success of healthcare improvement initiatives.
3. True/False: In business case analysis, the return on
investment (ROI) is the only metric necessary for decision-
making in healthcare improvements.
Correct Answer: False
Rationale: While ROI is an important metric, decision-
making in healthcare improvements should also consider
patient outcomes, quality of care, and staff engagement.
, B) Stakeholder engagement
C) Long-term financial planning
D) Marketing strategies
Correct Answers: A) Evidence-based interventions, B)
Stakeholder engagement, C) Long-term financial planning
Rationale: Successful business cases in healthcare rely
on evidence-based interventions, stakeholder engagement,
and long-term financial planning to ensure sustainable
improvements.
5. Multiple Choice: Which financial analysis technique is
most commonly used to evaluate the feasibility of a project
in healthcare improvement?
A) Cost-benefit analysis
B) Break-even analysis
C) Payback period
D) Net present value
Correct Answer: A) Cost-benefit analysis
Rationale: Cost-benefit analysis is widely used in
healthcare to compare the expected costs and benefits of a
project, helping to determine its overall value and feasibility.
6. Fill-in-the-Blank: The process of systematically evaluating
the outcomes of healthcare interventions is known as
________.
Correct Answer: Outcomes research
Rationale: Outcomes research is essential for determining
the effectiveness of healthcare interventions and informing
business case decisions.
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