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People's Hospital requires units to report on their budgets every quarter - not every month. Sylvia tells Molly that she reconciles her budget monthly because
People's Hospital requires units to report on their budgets every quarternot every month. Sylvia tells Molly that she reconciles her budget monthly because it takes her less time to do it every month than to deal with three months' worth of data. She says the reason requires a quarterly review instead of semiannually is for patient safety.
How do you think the frequency of reporting budget alignment impacts patient safety? If you were given the option to reconcile your budget monthly, quarterly, or semiannually, which one would you choose?
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