Create a Medical Office cost model Developing the Model: - Identify the resources that are needed in delivering the service and/or department operations - Develop measures for supply of

Create a Medical Office cost model

Developing the Model:

-        Identify the resources that are needed in delivering the service and/or department operations

-        Develop measures for supply of those identified inputs (people, equipment, space):  numbers of units and/or staff, cost per unit, numbers reflecting total units or times (example:  1 RN @ $25/hr., + 1 Med. Receptionist @ $15/hr.)

-        Develop Cost for Operations - Projection of “average” use scenario (i.e., volumes and/or operational shifts)

-        Present your summary in the form of a formula or projected cost for use that represents the services provided and use and/or cost for an operational cost for access to a provider

Cost Model submittal:

The model can be submitted in one of the following formats:

-        Formula/equation – with description

-        Flow chart for service – with identification/description of service

-        Narrative – identify elements, identify costs, outline methods used to measure inputs/outputs