Question: After reading the 5 Approaches to Effective Budgeting & Forecasting in Healthcare. Explain the most effective approaches to budgeting in the healthcare industry. Which approach

After reading the "5 Approaches to Effective Budgeting & Forecasting in Healthcare". Explain the most effective approaches to budgeting in the healthcare industry. Which approach is the most effective and why?

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THE LINK TO THE ARTICLE IS BELOW: https://docplayer.net/7292519-5-approaches-to-effective-budgeting-forecasting-in-healthcare-a-publication-from.html

"5 Approaches to Effective Budgeting & Forecasting in Healthcare" publication which are:

Aligning rolling forecasts, models, and budgets
Statistically driven approaches toenable "what-if"modeling
Incorporate service line analytics
Cross-departmentalinitiative-basedmodeling
Feedback loop with management and executives

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