Research Question: “What are the potential financial implications of reducing the average wait time in the ED, and how can cost-effective strategies be developed to address this operational issue?”
Operational Issue: Average wait time in the ED is 90 minutes. Conduct a literature review surrounding the operational issue and the research question, “What are the potential financial implications of reducing the average wait time in the ED, and how can cost-effective strategies be developed to address this operational issue?” Incorporate quantitative and qualitative data. Additional info: Healthcare economics as the theoretical framework focuses on examining the cost, use, and efficiency of healthcare systems. It can help with the creation of cost-effective initiatives and offer insights into the financial effects of decreasing ED wait times. Conceptual frame work of process improvement centers around identifying and optimizing the operational processes within the ED. It helps conceptualize how reducing wait times can positively impact resource utilization, patient flow, and overall operational efficiency, thereby influencing the financial outcomes. Please follow the rubric in its entirety and use it to guide the organization of the paper.