15 Sep 2022

63

Finance: Latest News, Photos, Videos on Finance

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Academic level: College

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In most of the developing organization, the aspect of benchmarking has been in the for front call to assess the business functionality ( Barrento et al., 2017 ). Through this aspect the emphasises paid by any organization, profoundly plays a great deal of contribution to any organization. 

The aspect of benchmarking may vary depending on the size of the organization. To begin with, internal benchmarking involves finding loopholes and rectifying them within different units of the same health organization department ( Foley, 2017 ) through this, the determination of checking the best performing clinic within the same organization is easily analyzed. 

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Secondly, the healthcare organizations can also have a competitive benchmarking. In this aspect, the healthcare organization caries different benchmarking activities to measure and compare their strength with other different peers. Through this, the probability of sporting the involved mistakes is easily observed and taken care off ( Foley, 2017 ). In this benchmarking, the individual can accurately point out the differences despite being the common geographical area. Through this aspect, it is easier to sort the same hospitals and clinics which kind of market they are serving. 

On the other hand, this can aim to focus clinics and health facilities from different geographical areas to compare how their activities are being conducted. In the bottom line, the data obtained from these are used for sampling and comparison to reflect on what to be changed in the organization. 

Thirdly, functional benchmarking. In this aspect, this concept is used to draw a comparison of a health organization to other different organization that is not signed directly related to the company by any magnitude. However, the primary goal of this benchmark is used to examine and determine the result to improve the organization. 

Lastly, generic benchmarking. In this concept of benchmarking, the main aspect of the idea gives the general blanket consideration rather than the specific tailored data to determine the final decision and answer for healthcare improvement. 

References 

Barrento, M., & de Castro Neto, M. (2017, June). European benchmarking in healthcare: Analysis by country with highlight on Portugal. In Information Systems and Technologies (CISTI), 2017 12th Iberian Conference on (pp. 1-4). IEEE. 

Foley, A. (2017). 4 Types Of Benchmarking In Healthcare (& The Benefits Of Each) . ClearPoint Strategy . Retrieved 22 March 2018, from https://www.clearpointstrategy.com/4-types-of-benchmarking-in-healthcare-benefits-of-each/ 

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StudyBounty. (2023, September 16). Finance: Latest News, Photos, Videos on Finance.
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