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Determine at least 10 key success factors (key financial indicators) to benchmark in any hospital.

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When carrying out a business venture, it is always important to determine the factors or benchmarks that will determine its success. The key success factors or key financial indicators are the pathways the business must go through to reach its destination. These make both the management and employees of an organization stay on track to making the business a success.

In the increasing of the sales or success of a service such as a hospital, the key success factors must be linked to measurable goals that are achievable and practical. Ten key success factors that can be used to benchmark a hospital include sales revenues, price points, fixed costs, and gross margins, which compose of the measurable key success factors. Sales revenues are also known as the income the firm has made and which are used to ...

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