Benchmarking for Beleaguered Budgets

March 2010
HealthLeaders Magazine;Mar2010, Vol. 13 Issue 3, p33
The article discusses benchmarking as a financial technique to curb spending. It states that benchmarking is being used by hospitals to improve their financial status while allowing the different departments in the hospital to exercise individuality and compare with other institutions. It discusses the experience of the MedWest hospital which opted for full time employee (FTE) reduction against the strategy of Frederick Memorial Hospital (FMH) which made use of transferring FTEs from one team to another within the institution.


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