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Benefit Analysis Risk

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Analyzing Risks and Benefits A potential benefit is defined as a chance of experiencing an advantage in context, whereas a potential risk is a chance of experiencing harm in context (NIH, 2013). The goal of healthcare research is to maximize potential benefits to patients while limiting potential risks in the interest of medical advancement (NIH, 2013). Likewise, decisions made by the management of healthcare facilities on staffing and capital allocation, for example, seek to maximize benefits and limit risks to its patients. Several parallels can be drawn between the process that researchers undergo when weighing potential risks and benefits of a proposed research study and those taken by management in healthcare facilities when making critical …show more content…

Long's OB/GYN practice, healthcare management can apply the risk/benefit analysis model implemented in medical research to its decision making process. The ultimate goal of healthcare is to provide outstanding care to its patients. To do so, difficult decisions must be made when resources are limited. In an effort to provide the greatest good to the greatest number, the potential benefits of an acquisition must outweigh the potential risks, based on an established baseline. Healthcare management often employ a board of directors to help make decisions, much like researchers rely on RECs to ensure its compliance with research standards. RECs determine if a study can be conducted without the use of human subjects, much like a board of directors may consider alternatives to expensive medical equipment when a less expensive item is comparable (Lent, Rongen, & Out, 2014). Management of Dr. Long's office is faced with the option of hiring an additional physician or purchasing a new ultrasound machine. RECs act to protect vulnerable populations and ensure patient safety. The low-income status of the women in Petersburg make them, and their unborn babies, vulnerable populations. Therefore, this decision must be in the best financial interest of the practice to keep it operational, as it is the only option for many women in the

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