Summarize the use of statistics in the healthcare industry

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Reference no: EM133527594

Question #1

Introduce yourself to the class. Tell us where you work or plan to work after completing your program, about your family, and any hobbies or special interests you have. Also, tell us why you are taking this course, which degree you are pursuing, and what you hope to gain from obtaining your degree. Finally, please take a look at the course objectives in the syllabus and discuss their relevance to your career goals.

Question #2

Provide the calculation and analyze the exercise from both concept and problem-solving perspectives. Support your thoughts with at least one external reference (not your book).

Two new software projects are proposed to a young, start-up company. The Alpha project will cost $150,000 to develop and is expected to have an annual net cash flow of $40,000. The Beta project will cost $200,000 to develop and is expected to have an annual net cash flow of $50,000. The company is very concerned about its cash flow. Using the payback period, which project is better from a cash flow standpoint? Why?

HIMA 410

Question #3

Introduce yourself to the class. Please take a moment to include your personal interests in pursuing an advanced degree in HIM, your experience, and career ambitions. Also, add a statement about what you hope to gain from completing this course.

Question #4

Using statistics in the healthcare industry requires a foundational understanding of statistics and their applications.

Imagine that you are a new data analyst for a hospital. You have replaced an analyst who did not organize their office or resources, nor did they leave any written notes or procedures. However, your manager has asked you to provide a summary of how statistics may be used throughout the hospital and how the information can be organized.

Explain how you would summarize the use of statistics and discuss the relevance of statistics in healthcare. Additionally, provide an example of how statistics may be applied both in healthcare and in a common daily activity.

Instructions: In your initial post, address the following points:

  1. Summarize the use of statistics in the healthcare industry, highlighting its importance and relevance in decision-making, patient outcomes, and quality improvement efforts. Include at least two specific examples to support your explanation.
  2. Discuss the importance of organizing statistical information within a healthcare setting. Explain how proper organization of data and statistical resources can enhance data analysis, facilitate research, and promote evidence-based practice.

Reference no: EM133527594

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