Public Health Initiative and economics
Cost-effectiveness analysis supports routine and prevention efforts in public health.
In addition, economic analyses are needed to determine the value of the benefits associated with investments in large-scale testing, or the financial return-on-investment (ROI). Such analyses are helpful to government agencies that must optimize outcomes for public health given a set budget, and may assist with resource allocation during times of economic constraint.
Economics and finance evaluate the results of a return-on-investment analysis that compares expenditures of the public health initiative to benefits in terms of illnesses averted and associated medical care costs.
For this Discussion, review the media, "Multi-Media PowerPoint on Capital Financing,"and the Learning Resources.
Consider a public health initiative outside of your Scholar-Practitioner Project.
Think about rate of return and any challenges this may pose to the public health initiative you are considering. Then, utilize the principles of rate of return as a means of justifying the use of finances for this initiative.