Question
If you were going to build a dashboard or a balanced scorecard for a nursing home, what key performance indicators might you use? Explain and
If you were going to build a dashboard or a balanced scorecard for a nursing home, what key performance indicators might you use? Explain and elaborate on why your suggested key performance indicators are crucial to effective financial management of a nursing home organization. Think what you would be held accountable for as a manager and develop some easy to read ratios to show history and progress to support your management objectives. Consider if this dashboard would be different if you managed a for profit versus a not for profit. What would be the different indicators and emphasis. (Think about the different missions of these organizations)
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