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Read the article Flexing Your Budget in which experts urge hospitals and healthcare systems to trade in their traditional budgeting process for a more dynamic and versatile model.
Author of Article: Paul Barr
Title of Article: Flexing your budget. Experts urge hospitals, systems to trade in their traditional budgeting process for a more dynamic and versatile model.
Questions:
• What the benefits of having a flexible budget?
• What are some of the downsides of having a flexible budget?
• Do you think the budget busters are accurate? Why or why not?
• How does the flexible budget address these budget busters?
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