CBA Analysis: Cost Benefit Analysis of Hospital Services Report

This report presents a cost-benefit analysis (CBA) of hospital services, evaluating the advantages and disadvantages of hospital operations. The analysis examines the benefits of the hospital, such as patient care, and also identifies potential risks, such as the impact of a crisis or disease outbreak. The report highlights the limitations of the CBA, such as not considering all variables, including community and hospital benefits during a crisis. It also assesses the challenges of reducing patient waiting times and the importance of sensitivity analysis in making rational decisions. The report emphasizes that the CBA helps identify and manage risks associated with each variable, enabling better hospital management and decision-making. References to relevant studies are included to support the analysis. This analysis is available on Desklib, which provides access to past papers and solved assignments for students.

1
Running head: CBA
Cost Benefit Analysis
Name
Institution

2
CBA
The cost-benefit analysis does not cover all variables. Even though the CBA in question
highlights the various benefits that will accrue to the patients, it does not consider all elements
(Bekker et al., 2017). Notably, the CBA does not address how the community and the hospital
will benefit in the event of a crisis. An outbreak of a disease such as the covid-19 pandemic may
pose challenges to the hospital. Even though the hospital is designed to give patients a good
experience, an increase in the number of patients may be unbearable for the hospital. Notably,
the hospital can run out of beds and space despite the design and structure. One of the
challenging benefits if faster turnover and reduced waiting time (Staňková et al., 2018a). Ideally,
nurses do not spend the same time on each patient. Some patients may have adverse conditions
that need more time. As a result, the waiting time may not be reduced.
In regards to risks and sensitivity, CBA helps in making rational decisions. In the time of
crisis, the management of a hospital can make intelligent decisions rather than emotional
decisions. By identifying the cost that will be incurred to the best of the knowledge of the
administration, most of the risks will be covered (Staňková et al., 2018b). The aspect of listing
the objectives and related variables allows the CBA analysis to look at these variables keenly. As
a result, the CBA can be prepared by incorporating any risk and sensitivity aspect associated
with each variable. By focusing on individual variables, CBA does an excellent job in addressing
risks and sensitivity.

3
CBA
References
Bekker, R., Koole, G., & Roubos, D. (2017). Flexible bed allocations for hospital wards. Health
Care Management Science, 20(4), 453–466.
Staňková, P., Papadaki, Š., & Dvorskỳ, J. (2018a). Comparative analysis of the perception of
advantages and disadvantages of integration of hospitals. Economics and Management.
Staňková, P., Papadaki, Š., & Dvorskỳ, J. (2018b). Comparative analysis of the perception of the
advantages and disadvantages of hospital horizontal integration.