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For your business plan brief performance assessment, you will complete a cost-benefit analysis to help determine the feasibility of starting a new service line. Cost-benefit
For your business plan brief performance assessment, you will complete a cost-benefit analysis to help determine the feasibility of starting a new service line. Cost-benefit analysis (CBA) is a comparison of interventions and their consequences which includes both costs and resulting benefits (health outcomes and others). This is done by identifying the value (benefit) of why the nursing service line is needed. When you think about the cost vs benefit analysis, it is used to determine if the benefits outweigh the costs. Organization: large one-time costs, or recurring every 3-5 years (lifecycle), and how it will benefit the organization by increasing revenue, improving populations, etc. Day-to-Day Operations: day-to-day costs and benefits of running the nursing service line For this formative assessment, introduce an idea for a new service. For the organization category, identify at least three costs and three benefits that will positively or negatively impact the implementation of this new service. For the day-to-day operations category, identify at least five costs and five benefits that will positively or negatively impact the implementation of this new service
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