A number of quantitative methods are utilized to make decisions and recommendations in health care. Quantitative methods are used to analyze and predict the demand for patient services, to determine capital expenditures for facility and technology enhancements, and to guide the manager in implementing quality controls. As a manager, whether or not you are familiar with quantitative methodologies, you are responsible for the outcomes of implementing the decision based on the method used.
As a manager, you need to make some recommendations to take to your board of directors to reverse the negative trend. Your first priority is to find a quantitative method to help you in making decisions.
- Choose a quantitative method (e.g., the decision tree model).
- Describe the model you are using.
- Outline at least 4 proposed solutions to your board of directors, and analyze the strengths and weaknesses of each, with regard to return on investment, break-even analysis, improvement in patient demand, improved patient safety/quality, and so forth.
- Summarize how the decision-making method helped you make objective recommendations to your board.
Please submit your assignment.