In the memo, discuss why there is a need to balance cost containment with quality improvement. Include at least three spe

Instructions

• In the memo, discuss why there is a need to balance cost containment with quality improvement. Include at least three specific rationales.
• Choose at least one cost-containment strategy. Some strategies might include outsourcing services, standardizing clinical processes, reducing overhead, etc.
• Describe in your memo how you will apply it to an area (pharmacy, therapies, surgery, laboratory, etc.) within the healthcare facility entailing at least three steps.
• Discuss at least two ways the cost-containment strategy could adversely impact quality. Explain your reasoning.

Requirements

• Your submission is composed in a Microsoft Word document.
• To meet the objective requirements, your response is at least 500 words in length.
• Your submission includes specific examples of concepts, topics, definitions, and other elements to demonstrate mastery of the objective.
• Your submission includes a highly developed viewpoint and purpose.
• Your response is in Standard English and demonstrates superior organization.
• Your communication is highly ordered, logical and unified, as well as original and insightful.
• Your submission displays exceptional content, organization, style, and mechanics.
• A separate page at the end of your response contains a list of references.
• Include both in-text and reference list citations where appropriate and reference all sources used following proper APA citation style.
• Please review the APA formatting and citation style in Academic Tools – Academic Writer.