Create a Medical Office cost modelDeveloping 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 providerCost 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
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