Therefore, it can safely be said that it is not the acquiring of the knowledge itself, but the methods of choosing the relevant information and implementing it is a much more daunting task for the leaders and the management of an organization.
In the year 2009, the American government announced a fiscal budget cut in the funds that it allotted to the Medicaid services. The Medicaid is an entity which is operating in all the states of the country under different names and which provides healthcare services to the eligible American citizens, most of whom are in the lower income bracket.
A 15 % budget cut in this regard has brought the Medicaid departments all across the USA to a as to how they should operate on the fewer resources and which services and programs should be continued and which would have to be discontinued. Barondess (2007), notes that many of the long term facilities that Medicaid provides are already struggling to provide quality care to patients while juggling multiple problems such as a shortage of trained workforce, and a budget cut would only increase these problems and would almost surely eliminate funding for a number of programs that Medicaid runs, and the elderly will be the ones who get effected by it the worst.
In such circumstances, as mentioned before, rises the issue of the importance of making an informed decision as the consequences of the choices made have a direct influence on the health standards of a large number of people.
For this purpose, and to aid health services to make a well informed policy restructuring decision, the authors Rundall et al. have presented the concept of the Informed Decision Toolbox which “facilitates the use of research evidence in decision making”. the Informed Decision Toolbox is a set of standardized tools that instruct policy makers at health organizations on how they can find, access and adapt