In the budget preparation phase,obtaining information regarding a competitor's performance is considered:

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A competitive analysis probes into how the competition is performing by examining the practices of other comparable hospitals or facilities.Demographic information identifies unique characteristics of the market,which influence patient behavior.Regulatory influences affect financial performance and are influenced by several governing bodies.Strategic initiatives include strategic plans that guide the direction of the organization over several years.

In the Budget Preparation Phase,obtaining Information Regarding a Competitor's Performance