Busi523 Discussion Thread Health Services Evaluation

Unformatted Attachment Preview

1
Cost and Profit Health Centers
Name
Institution
Course
Professor
Date
2
Cost and Profit Health Centers
Turning an organization’s services into meaningful revenue generators is a controversial
topic in the healthcare sector. Most institutions, including small and large organizations have
service centers operating at minimal profit margins or cost centers. At some point, organizations
might want to shift from cost to profit centers. Cost and profit centers have distinctive
differences that administrators consider when picking the center to implement. The primary
difference is that profit centers focuses on increasing revenues and profits while cost centers is
not directly linked to profit generation. Cost centers lack the specific responsibility of generating
money while profit centers prioritize money and profit generation. Another difference is that cost
centers are less complex since they focus on costs while profit centers are more complex since
they focus on costs, revenues, and profits. For instance, evaluation of cost centers includes
monitoring expenses for ensuring the center efficiently utilize resources and controls costs.
However, profit centers entail evaluating …
Purchase document to see full attachment

Don't use plagiarized sources. Get Your Custom Assignment on
Busi523 Discussion Thread Health Services Evaluation
From as Little as $13/Page