PLEASE FOLLOW THE FORMAT IN THE ATTACHED EXAMPLE, IT WILL ALSO NEED TO INCLUDE A EXEL CALCULATION. You are free to propose an estimated cost benefit analysis based on the current market. After watching the cost-benefit analysis video:, and reviewing the cost-benefit examples, conduct a cost-benefit analysis you will use for your business plan, write up the analysis, and submit it in a Word document. FOR THE ALTERNATIVE 1 you will have the outpatient wound clinic located at the long-term care facility (this clinic can offer evidenced based care, is knowalgable about patients, convinitent with no need to use ambulance transpiortation services, works closely with in-house dietitian services to promote. wound healing ultimately helping heal wounds quicker which saves money). FOR ALTERNATIVE 2 you will have the outpatient wound clinic located in the community (this clinic is located 50 miles away, there is high cost of transort, appointmens often get cancelled and patient wounds are not attended timely costing the facility more money) My Business Plan: Pressure injuries are a significant concern for patients with very limited mobility, and especially those who are residing in long-term care facilities. These patients usually require prolonged course of treatment to fully heal their wounds and related healthcare expenditures are on the rise. The prevention and treatment of pressure injuries are highly relevant to wound care professionals (Boyko et al., 2018). The creation of an onsite outpatient wound clinic located in the long-term care facility would successfully meet the goal of providing care that meets the standards of practice for wound management. The incidence of pressure ulcers is increasing due to our aging population and the increase in the elderly living with disability. The clinic would also provide outpatients wound care services to patients in the community as no competitors exist in the immediate service area. Pressure injuries remain a serious problem in long-term care facilities despite regulatory and market approaches to encourage prevention and treatment (Boyko et al., 2018). Median annual long-term care facility pressure injury prevalence was 7.5 percent in 2009, with associated costs of $3.3 billion annually (Agency for Healthcare Research and Quality, 2016). Additionally, pressure injuries cause pain, disfigurement, and increased infection risk and are associated with longer hospital stays and increased morbidity and mortality (Boyko et al., 2018). The organizational goal is to ensure that each patient residing in the facility receives the necessary care and services to attain or maintain the highest practicable physical, mental, and psychosocial well-being, consistent with the patient’s comprehensive assessment and plan of care. The organization aims to improve patient experience while reducing healthcare costs. The wound care clinic would serve the people of the facility timely and appropriate wound care services eliminating the need to send patients for outside consults. As a result, the clinic would offer wound care that is evidence-based, cost-effective., and convenient. Pressure injuries develop as a result of a combination of physiologic events and external conditions. The outpatient wound care program would not only manage wounds but also provide direction for long-term care staff who are managing these wounds for patients on a daily basis. Creating a meaningful collaboration between the clinic and the facility would be important as these patients require prolonged course of treatment to fully heal their wounds.

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