Cost allocation is the distribution of one cost across multiple entities, business units, or cost centers. An example is when health insurance premiums are paid by the main corporate office but allocated to different branches or departments.Why is HR important in healthcare?
Human resource management ensures that people with the best skills are matched with the available jobs in a healthcare facility. A HR manager may be tasked with ensuring the necessary employees attend training to learn about new equipment.What is micro allocation in healthcare?
Micro-allocation refers to decisions that are made about which particular resources and services will be invested in a certain client at a time when resources cannot be provided to everyone. Micro-allocation is important to health practitioners because it allows them to focus all their attention on the needs for well-being of a certain client.