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(a) Ministry of Health has consulted you to help them develop a proposal to secure funding to improve value for money (VfM) in the
(a) Ministry of Health has consulted you to help them develop a proposal to secure funding to improve value for money (VfM) in the Health Sector, particularly at University Teaching Hospital (UTH). Araze, Required: (1) (iii) Explain the meaning of economy, efficiency and effectiveness. (6 marks) Identify and explain the three (3) measures of each element in (i) which could be used to indicate th achievement of the objective of VfM. Explain the conflicts that could arise in the achievement of each element in (i). (9 marks) (5 marks) [Total = 20 marks]
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Economy efficiency and effectiveness are three key concepts in evaluating the value for money in the health sector Economy This refers to the optimal use of resources including money time and material...
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Auditing a business risk appraoch
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
6th Edition
9780324645095, 324645090, 978-0324375589
