Provide a mock variance analysis for a healthcare organization of your choice. This may be a real or hypothetical organization.
Include the following information:
Describe the components a 3-variance analysis for the organization. Explain each component.
What value(s) can a healthcare administrator control for?
What value does the variance analysis provide to the organization?
If you are the CFO, what questions would you ask? What is your primary concern with regard to the variance report?
What action plan might you put in place to address the variance?
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