Description Instructions This assessment addresses the following course objective(s): Select meth ...

---

Description Instructions This assessment addresses the following course objective(s): Select methods to work effectively with patients, providers, and payers to create more effective delivery models. Hospitals are made up of cost centers (that spend revenue) and profit centers (that generate revenue).  While allocating yearly capital to fund profit centers seems logical, cost centers are also essential in supporting the safe and perpetual operation of your clinical profit centers.  Consider the following scenario: You are the CFO with a hospital and have a three-million-dollar FY budget allocation for your cost centers.  While they collectively requested considerably more, your job is to assess each department and distribute funding by quarter for one fiscal year.  Part A: Create an Excel spreadsheet Using fictional information, list multiple cost centers (examples below). Show funding allocations for each quarter for each department as you believe the three million should be distributed.  Cost Center examples: Maintenance Department, Safety and Security Department, Quality Assurance, Environmental Services (Housekeeping), Administration Offices, Facilities Planning, and New Renovations, Medical Records, Patient Services (Registration, Billing, Collections), etc. Part B: Write a memo In Microsoft Word, write a memo to be distributed to all cost center department heads explaining your rationale for your funding distribution decision. Keep in mind, department managers may believe they should have received more funding than the others. Your goal is to quiet their concerns, calm any anger or frustration, and to remind them of their value to the collective hospital mission. All information is fictional. You may assume details and fictional state data to solidify your rationale. Include a cover and reference page, in APA style. Include a minimum of three scholarly sources to support your work. In-text citations are not necessary for this assignment.