Competency
Employ contemporary economic principles that guide resource allocation decisions in health organizations.
Scenario
Upon reviewing the annual budget and fiscal standing of Metropolitan Memorial, the CFO has identified shortfalls that will impact the funding of its proposed expansion into rural communities. In order to secure adequate funding from the Board, the operational team must reduce current operating budget by a million dollars.
Instructions
The CFO requests that you draft a memo to the Board providing justification for the additional funding in light of the shortfall. You should review current literature to support your justification. Your memo should include the following information based on the literature:
Explain the possible impact of resource allocation within a rural communities .
Discuss the factors that may affect the quality of care by reducing healthcare resources to accommodate budgetary constraints.
Discuss a potential service line and five possible ways in which the service line may maximize resource allocation.
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CompetencyEmploy contemporary economic principles that guide.docx
1. Competency
Employ contemporary economic principles that guide resource
allocation decisions in health organizations.
Scenario
Upon reviewing the annual budget and fiscal standing of
Metropolitan Memorial, the CFO has identified shortfalls that
will impact the funding of its proposed expansion into rural
communities. In order to secure adequate funding from the
Board, the operational team must reduce current operating
budget by a million dollars.
Instructions
The CFO requests that you draft a memo to the Board providing
justification for the additional funding in light of the shortfall.
You should review current literature to support your
justification. Your memo should include the following
information based on the literature:
Explain the possible impact of resource allocation within a rural
communities .
Discuss the factors that may affect the quality of care by
reducing healthcare resources to accommodate budgetary
constraints.
Discuss a potential service line and five possible ways in which
the service line may maximize resource allocation.
