title: Managing trade-offs makes budgeting processes pay off.
abstract: Trade-off management is a management system that leverages new technology to enable hospitals to reduce costs while simultaneously delivering exceptional service and quality care. It provides the means to more effectively engage managers in establishing targets that balance what hospitals seek to achieve with what they can afford to spend, while also addressing clinical and operational constraints. It is not a replacement for budgeting, balanced scorecard, or activity-based costing, but rather an approach for integrating them with clinical and operational systems into a more effective management system.
authors.affiliation: The Sullivan Lakier Group, Gig Harbor, WA, USA. sorensen@sullivanlakier.com
authors.forename: Dean
authors.initials: D
authors.lastname: Sorensen
authors.forename: Denis
authors.initials: D
authors.lastname: Sullivan
mesh_terms: D002017:Budgets / Q000458:organization & administration*; D003659:Decision Making, Organizational; D005377:Financial Management, Hospital / Q000458:organization & administration*; D014481:United States