Happy Hospital Scenario

Happy infirmary is a medium community-sized infirmary that domicile 115 beds at their facility. The hospital has a long and dashing tradition of providing high-quality care, meeting the needs of the community, and serving all individuals with adore and dignity regardless of ability to pay. Currently Happy Hospital is looking into investing into a new electronic medical checkup records system for the hospital. This new technology can improve power and help reduce medical errors, saving the facility bills and liability in the future. Harm O. Knee, CEO of Happy Hospital, and his group are in the process of deciding on which vender to give the contract to. To decide what is best to implement, the hospital has discrete to use the budget and feat to assist with the decision-making process. The CEO realizes that budgets and act reports are important tools for business planning and decision-making. The budget and surgery reports leave be utilized for making decisions that would affect the scheme and community. It reports would provide management with the ability to plan, using budgeting information and work by comparing actual performance with budgeted amounts to identify differences and feasibleness of the possible decisions being made.

Organizations that make good budget decisions will be able to stabilize their finances and soften the daze of non-routine decision making (The PEW Charitable Trust, 2009). The trend toward performance-driven budgeting has present Happy Hospital in a better maculation to discern cost-saving decisions because they have implemented measures to evaluate the needs of the hospital (The PEW Charitable Trust, 2009). It is essential for the hospital to use budgets and performance reports because it will allow managers to better plan and control the trading operations of the organization. The planning process ensures that the organization has the opportunity to determine its upper limit potential (Finkler & Ward, 2006). The control process then... If you want to get a full essay, order it on our website: Orderessay

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