Question
Jim is a financial analyst at his organization and his primary role is to ensure that the Cardiology service line and the Transplant service line
Jim is a financial analyst at his organization and his primary role is to ensure that the Cardiology service line and the Transplant service line stay within its operational budget for the fiscal year. Today, he is meeting with the operational leadership of his organization's cardiology service line. He let them know that they are currently over budget for the year, mainly due to staffing and over utilization of supplies.
critically evaluates the organizations operating cost.
Educate operational leadership on why it is important to the overall bottom line of the organization to contain these costs and the challenges that come with doing so.
Explain the measures that operational leadership can take to help manage these operational costs across its service line. What best practices are out there that they can learn from and implement?
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