Healthcare Finance Week 4 Discussion
Benchmarking is gaining a lot of attention in healthcare industry these days. Benchmarking allows healthcare managers to assess and measure the quality of an organization’s policies, products, programs, strategies, etc., and their comparison with standard measurements, or similar measurements of its peers. The objectives of benchmarking are (1) to determine what and where improvements are called for, (2) to analyze how other organizations achieve their high performance levels, and (3) to use this information to improve performance.
Feibert, D. C., Andersen, B., & Jacobsen, P. (2019). Benchmarking healthcare logistics processes–a comparative case study of Danish and US hospitals. Total Quality Management & Business Excellence, 30(1-2), 108-134.
Salluh, J. I., Chiche, J. D., Reis, C. E., & Soares, M. (2018). New perspectives to improve critical care benchmarking. Annals of intensive care, 8(1), 17.
Discuss three departments in a healthcare organization which you as a healthcare manager would benefit by utilize Benchmarking as a measurement tool?
To support your work, use your course and textbook readings and also use the South University Online Library. As in all assignments, cite your sources in your work and provide references for the citations in APA format.
Your initial posting should be addressed at 150-300 words. Make your post to this Discussion Area by the due date assigned. Be sure to cite your sources using APA format.