You are the chief executive officer (CEO) of an acute-care hospital. The governing board has expressed interest in adding a new service line, a twenty-bed geriatric psych

Review the following lecture:

• Evidence-Based Management

Before beginning work on this assignment, please review the expanded grading rubric for specific instructions relating to content and formatting.

Clinicians are practicing EBM when they use data from research that shows desirable outcomes and then make decisions on how to treat patients. Likewise, leaders and managers use EBMgt to make decisions on how to operate, improve, or add new services to a healthcare organization.

You are the chief executive officer (CEO) of an acute-care hospital. The governing board has expressed interest in adding a new service line, a twenty-bed geriatric psychiatric unit. This unit would be constructed in an existing vacant space within the hospital.

Create a preliminary market analysis for a geriatric psychiatric unit. Your primary focus for this project is to research credible sources for data that should be used in creating an evidence-based analysis. This analysis will then be used to determine the need and potential success or failure of the new service line.

Assume the unit will maintain a census of twenty patients per day. The market analysis must include the following data:

• Population of the service area that will be required to support the new service line
• Satisfaction of geriatric psychiatric patients in other similar organizations
• Profits in other similar service lines
• Requirements and costs for staffing the unit

To support your work, use your course and textbook readings and credible Internet sources. As in all assignments, cite your sources in your work and provide references for the citations in APA format.