Finance & Economics Activity

Finance & Economics Activity

Cost Benefit analysis. (Worth 20%) ?You are a Health Information Manager and have heard a lot about the benefits of LED lighting, such as accurate colour temperature, cost and environmental savings. Your department has 50 light fixtures that contain 2 T8 fluorescent tubes and the department operates between 7am and 11pm. Afterhours, all lights are turned out. Consider after-hour access and light usage as negligible. ??Perform a cost benefit analysis that examines the replacement of 100 fluorescent lights with LEDs. You might like to consider: ?a) the Australian Standard for lighting to firstly ensure compliance with the standard; ?b) Compatibility with current fixtures (T8 linear fluorescent); ?c) The lifespans of the types of lights, the running costs and the initial purchase prices; and ?d) Would a moderate increase in cost over lamp life be justifiable in terms of the benefits afforded by installing LED lamps? ??Note: remember to reference your sources of data. ??The format should follow a structure like this: ?Introduction – Highlight the issue and why this report is being prepared/submitted. ?Background – Discuss ongoing costs or any issues related to lighting in the department.?Legislation and standards – Mention any specific standards that must be observed. ?Cost-benefit analysis – This is where you would outline your analysis of options. You can include a table, but please label it properly. Remember, the cost of doing nothing still has a cost! ?Recommendations – When you make a recommendation, structure as per the SMART principle. Specific, Measurable, Achievable, Realistic and Time-based. ?Conclusion – This is where you can summarise the issue, the reason the CBA was undertaken, the CBA findings and the recommendations. ?References – As per University Guidelines in APA style. Refer to the School of Public Health Guide to Assignment Presentation for guidance.

??Part 2: Hospital statistics. (Worth 15%)  – Also refer to the announcement regarding data anomalies.?A performance improvement incentive payment has been announced for all HISM Healthcare hospitals to reduce their postoperative infection rates below target levels. You have been asked as the senior health information manager at a 250 bed hospital to determine if the target has been met by graphing the infection rate data for the 12 months from April 2013 to April 2014. ??Please refer to the attached Excel file for the data.??The format for this item can take the form of a memorandum in reply showing the findings of your analysis.

Period Start    1-May-13
Period End    30-Apr-14
Run by    A. HIM (ID:174677K)
Run on    5-May-14
Query    All Specialties. Count post-operative infection detected. Total by Month.

Speciality    Orthopaedic    O&G    Plastics    General – Minor    General Major    Day Case    Scopes    Total
Month
05/13    4    6    0    5    1    4    4    24
06/13    6    1    1    7    0    5    2    22
07/13    7    3    0    5    1    4    6    26
08/13    8    4    1    6    1    5    4    29
09/13    0    2    0    6    1    2    2    13
10/13    4    1    0    6    0    4    0    15
11/13    3    0    1    5    0    2    1    12
12/13    2    0    0    5    1    1    0    9
01/14    1    1    0    2    0    3    2    9
02/14    0    2    0    1    1    0    0    4
03/14    2    0    2    1    0    1    0    6
04/14    1    0    1    0    1    0    0    3

Period Start    1-Apr-13
Period End    30-Apr-14
Run by    A. HIM (ID:174677K)
Run on    5-May-14
Query    All Specialties. Count surgeries performed. Total by Month.

Speciality    Orthopaedic    O&G    Plastics    General – Minor    General Major    Day Case    Scopes    Total
Month
05/13    24    72    4    48    8    36    2    194
06/13    18    86    12    57    4    43    0    220
07/13    26    79    0    52    5    39    3    204
08/13    17    85    5    56    9    42    6    220
09/13    19    89    3    59    10    44    6    230
10/13    22    87    0    58    2    43    1    213
11/13    28    78    8    52    3    39    2    210
12/13    24    75    0    50    12    37    8    206
01/14    22    79    0    52    4    39    2    198
02/14    26    82    0    54    6    41    4    213
03/14    14    86    16    57    2    43    1    219
04/14    25    83    14    55    10    41    6    234