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HS440M4-4: Utilize financial analysis to inform management decisions

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HS440M4-4: Utilize financial analysis to inform management decisions.

Utilizing your textbook and the Library:

Describe the importance of proper cost allocation to health services organizations by answering the following questions:

• What is the goal of cost allocation in the healthcare system?
• What two characteristics make an effective cost driver?
• What are the four steps in the cost allocation process?
• What are the three primary methods of cost allocation?
• Explain how they differ?
• Which one do you think is best? Which is the worst?

Minimum Submission Requirements

• The minimum page limit is 2 pages or 600 words.
• The maximum page limit is 4 pages or 1200 words.
• Respond to the questions in a thorough manner, providing specific examples of concepts, topics, definitions, and other elements asked for in the questions. Your submission should be highly organized, logical, and focused.
• Your submission must be written in Standard English and demonstrate exceptional content, organization, style, and grammar and mechanics.
• Your submission should provide a clearly established and sustained viewpoint and purpose.
• Your writing should be well ordered, logical and unified, as well as original and insightful.
• A separate page at the end of your submission should contain a list of references, in APA format. Use your textbook, the Library, and the internet for research.
• Be sure to cite both in-text and reference list citations where appropriate and reference all sources. Your sources and content should follow proper APA citation style. Review the writing resources for APA formatting and citation found in Academic Tools. Additional writing resources can be found within the Academic Success Center.
• Your submission should:
  • include a cover sheet;
  • be double-spaced;
  • be typed in Times New Roman, 12 -point font;
  • include correct citations
  • be written in Standard English with no spelling or punctuation errors; and
  • include correct references at the bottom of the last page.

If work submitted for this competency assessment does not meet the minimum submission requirements, it will be returned without being scored