Jim is a financial analyst at his organization and his primary role is to ensure that the cardiology service line and the transplant service line stay within operational budget for the fiscal year. Today he is meeting with the operational leadership of his organization’s cardiology service line. He let them know that they are currently over budget for the year, mainly due to staffing and over utilization of supplies. Write a 750 word essay in APA format thy critically evaluates the organization’s operating cost. Ensure that you answer all prompts throughly using at least two resources as references to justify your response.
Educate operational leadership on why it is important to the overall bottom line of the organization to contain these costs and the challenges that come with doing so.
Explain the measures that operational leadership can take to help manage these operational costs across its service line. What best practices are out there that they can learn from and implement?
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