Question

How might the use of Evidence Based Management help reduce the costs associated with care delivery, the book states something about PQI's but how would those reduce hospital costs

Answer 1

Evidence-based practice (EBP) is quite helpful in the healthcare segment as it is based on the best practices that are obtained from the research, experts, and knowledge of doing something in place of relying and making decisions on the basis of conventions, hunches, opinions, myths or outdated principles. Evidence-based practice (EBP) is mainly focusing on the proves and the evidence rather than the saying that this is how things were always done.

Thus in the healthcare industry, Evidence-based practice (EBP) can be used to lower the healthcare cost by finding the new ways of doing the things which are cost-effective The industry experts and researchers keep on looking for the different techniques and methods that can be used to reduce the overall cost of the healthcare.

This concept focuses mainly on 4 elements=

1. process 2. patient 3. teamwork 4. use of collected data

In order to reduce the cost and improve the quality of healthcare, clinical data and research are done regularly and depending on the various evidence, the different methods are adopted that can reduce the cost of healthcare. This is also done by comparing the current practices with the best practices or the new ways of doing things