Choose one of the five main types of analysis Herasevich lists as appropriate for HIT
EVALUATION PLAN PROJECT: COST ANALYSIS
When evaluating the success of travel, whether the food or sites met expectations may be the main qualitative measures. Other measures will be more quantitative, such as whether the projected budget reflected the actual cost.
Some measures of successful HIT are qualitative in nature, while others are more quantitative. Most HIT evaluations will include one very important quantitative measure based on costs and returns. A cost analysis can help ensure that HIT investments are returning the benefits necessary to meet goals while remaining within budget.
In this Assignment, you examine various types of cost analysis. You also select one for use in your HIT Evaluation Plan Project and justify your choice.
To prepare:
· Recall the case you selected for your Evaluation Plan Project.
· Review Chapter 7 in the Herasevich text.
· Select one of the five main types of analysis Herasevich lists as appropriate for HIT.
In a 2- to 3-page paper:
· Choose one of the five main types of analysis Herasevich lists as appropriate for HIT and describe how you might use it to perform an analysis of a financial aspect of your chosen case.
· Describe the key elements you would include in your analysis.
· Justify your choice and provide a brief explanation of the alternative types of analysis. Explain why each would not be useful to analyze the financial aspect of your chosen case.
RESOURCES
LEARNING RESOURCES
· Herasevich, V., & Pickering, B. W. (2022). Health information technology evaluation handbook: From meaningful use to meaningful outcome (2nd ed.). Taylor & Francis Group.
· Chapter 7, “Cost Evaluation” (pp. 100–116)
· Teh, R., Visvanathan, R., Ranasinghe, D., & Wilson, A. (2018, June). Evaluation and refinement of a handheld health information technology tool to support the timely update of bedside visual cues to prevent falls in hospitalsLinks to an external site. . International Journal of Evidence-Based Healthcare, 16(2), 90–100. doi:10.1097/XEB.0000000000000129
Review this article for an example of the article types and characteristics to seek in your own research.
In addition to the above resources, you will conduct your own research as part of your Evaluation Project Plan. This research will include reading at least two additional published research articles.
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