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

  Techno enterprises is a manufacturer of microchips referred

techno enterprises is a manufacturer of microchips referred to as chips. its production process is complex and involves

  The company expects to extract

The company expects to extract 1,090,000 tons of coal during a four-year period. During 2016, 259,000 tons were extracted and sold immediately.

  What about a foreign-based multinational corporation

Does a state have the authority to require a U.S.-based multinational corporation to compute its state taxable income on a worldwide combined reporting basis? What about a foreign-based multinational corporation? Explain.

  A firm of manufactures whose books are closed on 31st

a firm of manufactures whose books are closed on 31st december purchased machinery for rs. 50 000 on 15 january

  The accountant for teresau2019s dress shop prepared the

the accountant for teresau2019s dress shop prepared the following cash budget. teresau2019s desires to maintain a cash

  Case development began operations in december 2013 when

case development began operations in december 2013. when property is sold on an installment basis case recognizes

  Determinethe quantity variance price variance and total

the following information is for the standard and actual costs for the happy corporation.standard costsbudgeted units

  Determine the external and internal factors that influence

determine the external and internal factors that influence credit policy and decision making within a company that

  Prepare a single-step income statement

cost of merchandise sold, $4,000,000; administrative expenses, $500,000; interest expense, $30,000; rent revenue, $100,000; net sales, $6,500,000; and selling expenses, $750,000. Prepare a single-step income statement.

  Discuss some of the presentation differences between the

discuss some of the presentation differences between the operating statements of not-for-profit and business-type

  Lance lawn services reports warranty expense by estimating

lance lawn services reports warranty expense by estimating the amount that eventually will be paid to satisfy

  Auditing class

Auditing Class

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