Which type of analysis is commonly used to assess the feasibility and potential impact of new initiatives in healthcare?

Cost-benefit analysis is a systematic approach used to evaluate the feasibility and potential impact of new initiatives in healthcare by comparing the expected costs to the anticipated benefits. This type of analysis quantifies financial and non-financial outcomes, providing stakeholders with clear insights into whether an initiative is worth pursuing based on its return on investment.

In healthcare, where resources are often limited, conducting a cost-benefit analysis allows administrators and decision-makers to prioritize projects that will yield the greatest benefit to patients and the organization. It helps in making informed decisions about program implementation, technology adoption, staffing changes, or other significant changes within the healthcare environment.

While other analyses like flowchart analysis, PEST analysis, and SWOT analysis are valuable tools for different purposes—such as understanding processes, analyzing external factors, or identifying strengths and weaknesses—they do not specifically focus on quantifying costs and benefits as a means to assess feasibility and impact. This makes cost-benefit analysis the most appropriate choice for the question at hand.