Assignment:
Fundamentality, it is important to understand our internal cost structure prior to approaching the task of contracting for service lines. Payers provide a reimbursement amount for the cost of your services.
The goal is to demonstrate that one understands the cost you incur to provide a specific service. While cost is often driven by competitive benchmarks in the industry, it is also important to determine how you compare with the market place and to determine if your cost is competitive and sustainable.
Q1. Establish the baseline cost for a service line in your health care institution (e.g. Hip Replacement Surgery, Cardiac Disease/Surgery). The baseline cost sheet should include a breakdown of the factors and figures involved (facility cost, equipment, etc.).
Q2. What are the future and current risk associated with the costs presented on the sheet?
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format.