Best practices for health care sustainability must be examined from both environmental and financial contexts. A matrix is a sound method for such an examination.
The top management of your organization has requested that you prepare a matrix analysis of both environmental and financial contexts for your proposed sustainability initiative.
Part I: Matrix analysis
Organize and include the following in your matrix:
- Estimated current costs involved in your sustainability initiative’s processes (e.g., staffing, facility, operating, products, services)
- Estimated cost to implement initiatives (e.g., new equipment, new contracts, or staff)
- Cost projections after implementation
- Social and environmental costs
- Benefits
- Cost savings, immediate or over time
- Benefits over time (1 year, 5 years, 10 years, etc.)
- Local, state, or national revenue sources for your initiative
Part II: Matrix summary analysis
Prepare a 700-word summary of your matrix analysis. Include the following in your summary:
- Restate your individual sustainability initiative.
- Relate how your initiative might impact other sustainability initiatives within your organization.
- Describe various environmental contexts that could impact your sustainability initiative.
- Analyze and summarize the financial contexts and implications your sustainability initiative will have on your selected organization.
- Explain the cost savings and benefits over time.
- Recommend a local, state, or national revenue sources for your initiative and why you believe the source is appropriate.
Cite 3 reputable references to support your assignment (e.g., trade or industry publications, government or agency websites, scholarly works, or other sources of similar quality).
Format your references according to APA guidelines.