Flexible Budget Example In Healthcare
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With that in mind some hospitals have turned to the flexible budget which is a budget that adjusts automatically over the course of the year depending on variables such as volume labor costs and capital expenditures Though not a new concept flexible budgets have gained greater adoption in the past 10 years.
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It is worth noting that most companies use a flexible budget for this very reason Example of Unfavorable Variance As an example let's say that a.
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Medicare uses to share the next capital acquisition program budget requests to healthcare budget flexible in the cost of stopping elective surgeries
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