Describe the benefits of financial benchmarking and the consequences of not practicing it within an organization. What are 3 financial benchmarks for hospital executives?

 
Financial benchmarking is very important for healthcare organizations. It involves running a financial analysis and making a comparison of the results to assess a company’s overall competitiveness, efficiency, and productivity.

Describe the benefits of financial benchmarking and the consequences of not practicing it within an organization. What are 3 financial benchmarks for hospital executives?