You may also like
10 goals for 2020 to assist healthcare HR departments in positively and measurably impacting both profitability and quality.
The WEF says that productivity improvement will be the watchword of the next decade! Every HR professional should include flowcharting skills in their toolkit.
The list of 2026 healthcare recognition dates is here! It includes dates for employee recognition as well as dates for recognition and […]
World Economic Forum predicts 75 million jobs lost to automation by 2022. However, they predict that 133 million jobs will be created for a net gain of 58 million jobs. They also state that productivity improvement will be the watchword of the next 5 years!
One thought on “Financial Literacy: Test your knowledge of Productivity Measurement”
It is obvious, that an institutions financial awareness and responsibility ad to the quality of patient care, while for example, many non profit hospitals,(as an example), waste money by not being astute of all costs in operations. So, quality of care is best addressed with the best knowledge of cost per patient day, care, or modality. Wouldn’t this also make for a more “secure” and stable employer for it’s employees, especially if patient support departments were also operating at peak efficiency and providing great support for physicians.