Write a research paper outlining the Bible’s position on cost-counting.As discussed in Kennedy et al. (2018), managing the cost of healthcare is impossible unless administrative personnel and clinicians monitor the cost of supplies, resources, and time spent caring for patients. If the expenditures of caring for patients outweighs the total revenue received, the healthcare system fails and will no longer be able to provide services. Thus, it is imperative for you to understand how to manage expenditures and revenue to provide cost effective healthcare in your future role.
In this assignment, you will evaluate the cost of a medical device or health technology to determine if it is worth the cost to implement into practice. The paper must be 3-6 pages in length (excluding title page, references, and Appendices) with APA 7th edition textbook used for formatting, citations, and references.
Paper criteria
Introduction
Problem, population and cost
Describe the health problem and the population affected. Include statistics on prevalence and facts which highlight the need for implementation of the medical device or technology.
Monetary Cost: What are the financial or monetary costs of the problem? For example, if you are writing a paper on congestive heart failure, what is the cost of hospitalization for a patient who requires admission for an exacerbation of their congestive heart failure?
Qualitative Costs: Are there nonmonetary costs associated with this problem such as high mortality, impact on quality of life, or safety?
Medical device/technology:
Describe the device/technology which could be used to improve the problem. What is device, how does it work, why would it be used to solve the problem?
Resources: What resources (monetary and nonmonetary) do you need for the device:
Monetary resources: What is the cost of the device? Consider other costs associated with the device to include the cost to train staff or install the technology or device, cost of supplies or resources needed for the device or technology, etc.
Nonmonetary: Consider the employees/people and time needed to implement and/or manage
Stakeholders/community resources: who are the stakeholders you would need to engage to implement the device/technology? Who in the community do you need to engage to leverage resources to sustain the implementation of the device and improve self-care management strategies for the patient?
Return on investment: Is the device/technology worth the investment? Describe why or why not. Include a spread sheet or excel document which supports your opinion as an appendix in your paper. You may use the resources available in your course module for examples as well as Appendix 16.1 on page 410 of your McBride (2023) textbook.
Conclusion
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