Write a 200- to 300-word response to the following: Why are cost per output and cost per outcome calculations valuable to a human service agency?
This is what I have so far can someone help me meet the maximum word requirement.Thanks
Human Service Agencies receive pay
based on how many people are helped, taking into account the cost of providing the services which is the cost per output. They receive pay based on the people helped minus the cost per output. In addition, they receive incentives such as bonuses for the quality of the job performed minus the cost to put forth the service which is the cost per outcome.
By knowing these two costs, the human service agency is able to assess their budgets and achieve their business and service goals.
I suggest you expand and give examples of each of the points that you made. For instance, you can explain the costs of providing a service -- does this include the salary, benefits, overhead costs? How are the bonuses figured? How can an agency predict the quality of its services?
Resources are limited, HAS’s need to make the best use of cost per output and cost per outcome. HAS’s are usually not for-profit and perform social service for the benefit of society. Hence value for money is important so that public funds/donations get their real worth- or the HAS’s would be wasting money and then the public will stop donating. Cost per outcome and cost per output tell their over head for services. HAS’s are going to need donations to cover these costs.
I nee more words though on what are cost per output and cost per out come calculation valuable to a human service agency?
A budget systems model is the foundation from which budgeting systems can be used to evaluate the success of an agency or company.
Cost per output and cost per outcome calculations are valuable to a human service agency for several reasons. Firstly, these calculations allow the agency to determine the cost effectiveness and efficiency of their services.
The cost per output refers to the cost incurred by the agency for each unit of service provided. This measure helps agencies understand the direct expenses associated with delivering their services, such as labor costs, supplies, and facilities. By calculating the cost per output, agencies can evaluate their cost structures and identify areas where they can potentially reduce expenses without compromising the quality of their services. This is particularly important for agencies that operate with limited resources and need to maximize their funding.
On the other hand, cost per outcome measures the effectiveness of the services provided. It takes into account the outcomes achieved as a result of the services, such as the number of individuals who have been successfully helped or the improvements made in their lives. By comparing the cost per outcome with the cost per output, agencies can assess whether the resources invested in delivering the services are resulting in positive outcomes. This information can help agencies make informed decisions about allocating resources and improving the effectiveness of their programs.
Furthermore, cost per outcome calculations are relevant for agencies that receive payment based on the results they deliver. These measures provide a framework to evaluate the agency's performance and determine the level of compensation or incentives they should receive. By quantifying the impact of their services in relation to the costs incurred, agencies can negotiate funding and contracts more effectively.
In conclusion, the cost per output and cost per outcome calculations are valuable tools for human service agencies. They help in assessing the efficiency of service delivery, evaluating the impact of services, and making informed decisions about resource allocation. By understanding these costs, agencies can better manage their budgets and achieve their business and service goals effectively.