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Chapter 12: Considerations for Heathcare Leaders
New Leadership
6
Health Care
Undergraduate 1
06/09/2021

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Term
Benchmarking
Definition
The process of comparing one's performance metrics or business processes to the best practices of peers in the industry.
Term
Financial management
Definition
The planning. organizing, directing, and controlling of the financial activities of a business enterprise.
Term
Healthcare reform
Definition
A reference to developemnts or changes in health policy on a national or state level, which can affect regulations, reimbursements, scope of services, and other aspects of healthcare delivery.
Term
Key drivers
Definition
Factors that influence and direct the outcome of a process, mission, program, or strategic plan.
Term
Management models
Definition
A model that plans to direct and use the organization's resources economically and efficiently to achieve the organization's objectives.
Term
Performance reporting
Definition
Documentation that communicates the results obtained in a performance evaluation. Often compared with prior reports to assess trends in achievement of goals and objectives.
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