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Health Economics

The management of a district hospital is planning to replace the hospital's haematology analyser with a new one. Discuss factors that should be considered in selecting a new device.

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One of the key factors that should be considered in selecting a new device of this nature is the economic feasibility of the new device that is selected. In other words the new device that is selected should be as cost-efficient or cheap as possible, while of a high enough quality to effectively carry out its operations and an effective and efficient manner. Cost-effectiveness is of paramount importance to the hospital organization, due to the fact that these organizations must work under strict budgetary constraints, which makes it necessary for hospital administration to balance cost and quality in the selection of a new hematology analyzer. Another very important factor that must be considered in selecting a new device of this nature is the quality of the analyzer that will be selected for this organization. Quality is of the utmost importance to the fact that this device performs a very important duty in respect to the analysis and ...

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