When does the issue of quality enter the financial planning process? Please include a reference in APA format so that I can expand on this topic. Thank you.© BrainMass Inc. brainmass.com October 25, 2018, 9:29 am ad1c9bdddf
//Quality and Financial Planning//
In the highly competitive world of hospitals, quality must be considered during all phases of the budgetary cycle. The Studer Group began changing the face of healthcare in 2000 after founder Quint Studer transformed a failing hospital with a 3% patient approval rating to a 94% approval rating, and profitability, within one year (Lowe, 2009). In essence, it is now acknowledged that patients are healthcare ...
Assuring hospital quality within the financial planning cycle. Examples of when it should be included, and why.
Benchmarking in Quality Management
Benchmarking is a component of assessing quality management. Discuss how a fake organization utilizes benchmarks to meet organizational metrics.
Using a fake balanced scorecard, assess your organizations goals with the established benchmarks.
Do they appear to be aligned?
What must occur to allow your organization to meet benchmarks?
I just need about 3 pages.
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