Calculate estimated annualized cost of current process

Assignment Help Accounting Basics
Reference no: EM131210937

Contaminated Blood Culture Specimens in the Emergency Department: Making the Business Case for Improving Quality

1. Scenario.

As part of an organization-wide performance improvement initiative to address the accuracy and efficacy of patient diagnostic testing, you've been asked by the Chief Medical Officer to look into the blood culture contamination rates in the Emergency Department to identify opportunities to improve both clinical and cost-effectiveness, based on your findings and recommendations.

Lab specimens for blood cultures are typically drawn by the ED nurses. However; during times when the ED is overcrowded, the nurses are busy triaging and treating patients. In which case, certified phlebotomists from the lab are used to help draw blood. The staff member who draws the lab can be identified by a discrete number that can be used to track contaminated specimens Data from the reported contaminated specimens for the first 8 months of the fiscal year, delineated by the type of staff member (nurse or phlebotomist) who drew the lab specimen, are shown below in Table 1.

Table 1. Number of Contaminated Blood Culture Specimens by Type of Staff Drawing

Month ED RN Staff Lab Draws Phlebotomist Lab Draws

Specimens Drawn Number Contaminated Specimens Drawn Number Contaminated
Jul 553 23 193 3
Aug 367 23 139 0
Sep 386 16 160 2
Oct 403 22 154 2
Nov 340 27 158 1
Dec  383 28 152 4
Jan 408 26 170 1
Feb 350 25 138 3

2. Objectives.

Using the provided article (Bekeris, et al. 2005, Trends in blood culture contamination, Arch Pew; Lab Med, 129) and other available data or assumptions

a. Calculate the estimated annualized cost of the current process for collecting blood culture specimens in the ED?

b. Discuss and identify options to improve quality while reducing total expense?

c. Calculate the projected quality and financial impacts of your recommended actions?

Reference no: EM131210937

Questions Cloud

Randomly chosen adult is obese : Find the probability that a randomly chosen adult is obese, given that he or she suffers from diabetes. Round your answer to 2 decimal places.
Determining the average lifespan : Tires a and tires b have an average lifespan of 50,000 miles. Tires A was found to have a standard deviation of 12,000 miles and tires b was found to have a standard deviation of 8,000 miles. Which tires are more reliable?
How would you measure the different forms of debt : What types of credit does the company use and how are they managed? How would you measure the different forms of debt? How does the company's level of debt and credit compare to other companies within the industry?
What is the opportunity cost of product z for given country : With no international trade, what is the opportunity cost of product Z for this country?- .In comparison with no trade, which product will the country shift toward producing more of?
Calculate estimated annualized cost of current process : Calculate the estimated annualized cost of the current process for collecting blood culture specimens in the ED - Discuss and identify options to improve quality while reducing total expense?
Probability that he will select yellow balls : An urn contains 9 yellow balls and 4 white balls. If Vince chooses 8 balls at random from the urn, what is the probability that he will select 6 yellow balls and 2 white balls? Round your answer todecimal places.
How disney considered as a leading force of us imperialism : For this essay, you will address how Disney might be considered as a leading force of US imperialism. Do you agree with this concept? Why or why not? Give examples.
Same production technologies for the various products : "According to the Heckscher-Ohlin theory, two countries that have the same production technologies for the various products that they produce are unlikely to trade much with each other." Do you agree or disagree? Why?
Is deception ever acceptable : In order to write the letter, assume your best friend is in sales. Write a letter that briefly, tell him or her about the movie and explain your position on government regulation of deception that is used for commercial advantage. Also, explain ..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Industries to enter into as a new entrepreneur

Identify two attractive (growth) and two unattractive (dying) industries to enter into as a new entrepreneur. Provide your reasons for the selections. Respond to at least two of your classmates' postings.

  Nicole limited is a company that produces machinery to

nicole limited is a company that produces machinery to customer orders using a normal job-order cost system. it applies

  Major categories of projects

What are the four major categories of projects based on the type of change involved?

  The jung corporations budget calls for the following

the jung corporations budget calls for the following productionquarter 1 45000 unitsquarter 2 38000 unitsquarter 3

  On december 31 2012 tran co performed environmental

on december 31 2012 tran co. performed environmental consulting services for hayden co. hayden was short of cash and

  A company is contemplating investing in a new piece of

a company is contemplating investing in a new piece of manufacturing machinery. the amount to be invested is 170000.

  Prepare a summary journal entry to record sales

Prepare a summary journal entry to record sales of the extended warranties. Also prepare any other entries associated with the warranties that should be recorded during 2013.

  Wildthing amusement companys total assets fluctuate between

wildthing amusement companys total assets fluctuate between 320000 and 410000 while its fixed assets remain constant at

  Determining total contribution margin

Now suppose that Sealing Company believes that it can sell no more that 12000 of the deluxe model but up to 50000 each of the basic and standard models at the selling prices estimated. What product mix would you recommend, and what would be the to..

  Aragon company manufactures a product and sells it for 120

aragon company manufactures a product and sells it for 120 per unit. the total fixed costs of manufacturing and selling

  In october the company had sales that were 2400 higher than

1. describe a process costing system including the types of companies that commonly use this system. how can process

  Calculate the companys break-even point in dollars use the

mega electronix sells television sets and dvd players. the business is divided into two divisions along product lines.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd