You have just begun the role of the Director of Emergency Services in a new Los Angeles community hospital. How can you best project, or forecast, expenses for this department after having 5 years of experience in a similar role located in Tampa, Florida?

Question

Quizplus · Accepted Answer

The best way to project, or forecast, expenses for this department after having 5 years of experience in a similar role located in Tampa, Florida is to systematically and objectively collect data from similar departments of similar size in your new geographic area until historical data is available. Many expenses, including salaries, utilities, supplies, and equipment, vary across the country so your proximate geographic area is the best source for these kinds of expense data, not a distant area like Tampa, Florida. Over time, you will have collected your own historical data to use.

You Have Just Begun the Role of the Director of Emergency