Strategic plan creates a blueprint for budgeting.
Effective healthcare organizations develop budgets that reflect and support a strategic plan. Senior managers set a framework that expresses the hospital's future strategic objectives. The budget enables executives to determine which specific service lines are profitable or unprofitable. Administrators and clinicians at all levels are involved in the budgeting process.
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D002017:Budgets; D003361:Cost Allocation; D003953:Diagnosis-Related Groups / Q000191:economics; D004470:Economics, Medical; D006748:Hospital Departments / Q000191:economics*; D010934:Planning Techniques; D011357:Product Line Management / Q000191:economics; D013038:Specialization; D014481:United States