Developing a Business Case NURS FPX 6008 Assessment 2 Attempt 2 Developing a Business Case EZ

The report provides an assessment of cost to benefits for the healthcare project started recently by Prime Medical Center, United
States. The organization established and initiated a project SmartHealth to improve the demand and supply of healthcare services
to ensure quality treatments for patients. In this report, the study represents a proposal for evaluation of costs and benefits
acquired and incurred by the healthcare organization to provide benefits to the community. It will help to move the organization in
a strategic direction. The economic activity was researched and implemented in the previous report as SMARTHEALTH near the
vicinity of Prime Medical Center to help the employees get healthcare services near them related to different cuts, abrasions,
abdominal pains, and minor burn issues. The immediate medical attention will be available to the community as a result of this
imitative without appointment. This is why the cost-benefit analysis of SMARTHEALTH will significantly important to improve the
performance of emergency department.

Potential Opportunities and Risk Associated with the Initiative
The costs of infrastructure and development are estimated to be low. The cost benefit analysis CBA will contain the comparison of
the initiative and its benefits and costs associated in monetary terms (Gilbert, 2019). Large capital development projects mostly use
CBA technique in healthcare organizations. There are thousands of workers from various companies and around 3000 locals. The
target population is almost 30,000 workers. The project’s cost is estimated to be around $400,000 mentioned in the previous
report; these expenses are likely to cover costs such as building the PMC new rooms, counter, buying tools, equipment, and
furniture, etc. There will not be a significant land cost because the Center will be built and maintained within PMC’s premises. The
financial arrangement will be done through applying a bank loan for almost $200,000. This will enhance the revenues with almost
400 new patients ‘visiting per week that will pay an average $200 consultation fee. This will allow amazing revenue benefits for the
five years. Moreover, the opportunity is there to collaborate well with other providers in the area to avoid working in isolation. The
professionals should ensure that they must obtain the maximum value by using and obtaining funding without discounting the
opportunity cost. The meaningful small data can help the organization in the early phases to make the best and wisest decisions.
The use of digital healthcare tools and Al Artificial Intelligence can help to improve the patient’s satisfaction. Creating balanced
teams including human factor inputs will also help the hospital to communicate goals in an effective manner to gain sustainable
competitive advantage. The presence of only one more medical Centre within a few kilometers ensures that the company will have
a wider money and financial advantage in terms of serving and attracting several new and old customers. However, one big risk is
the hospital-acquired phenomena if the cleanliness is ignored in the organization. Hacked medical devices can also create data-

related and financial losses if network security mechanisms are not put in place.