Solved: Is the cost worth the value of knowledge-based decision-making? Analyze this question

Informed decision making, Cost invested for maintain the knowledge base, knowledge management; the benefits are reaped out in terms of value added decisions.

• Integrating clinical and business functions:
  • This type of integration will provide the maximum benefit when change management and project management takes informed decisions based on the data collected
  • This also provides benefits like faster discharge of patients
  • Selecting the modules suitable for integration – like what patient pathways and what clinical pathways are suitable for integration
• Number of patient population to be included in the health care provision – if the population is less, we can provide direct are, if the population is large, it can be outsourced to 3^rd party health care service providers – these type of decision making depends on the knowledge collected – hence it is worth the investment
• Also the amount invested in knowledge management helps to choose the most appropriate type of services and the integration model to be used.
• It helps to decide the enablers of organization like self care capable patients, preventive health and active life style followed by the patients, approaching it in the form of a panel or team – the triad of health care provision, Information and knowledge repository, leading the clinic, governing and providing incentives and perks;
• Providing comprehensive care service, consistent care provision, having the patient as the center of care and attention, deputation or roster schedule for looking after the large regions, having a preset standards for care provision;
• Performance appraisal and information systems for cross cultural and leadership management
• Having a common portal for integrating doctors and health care workers

All of the above needs substantial investment in knowledge management and it is worth and we get value for money as it helps to make informed decisions.