Review Article: Flexing your budget. Experts urge hospitals, systems to trade in their traditional budgeting process for a more dynamic and versatile model.
Summary of Article:
Answer the below in detail:
• What the benefits of having a flexible budget?
• What are some of the downsides of having a flexible budget?
• Do you think the budget busters are accurate? Why or why not?
• How does the flexible budget address these budget busters?