Benchmarking
To Prepare
• Search reliable resources from data bases or on the Internet and locate a journal article discussing how a health care organization has used the principle of benchmarking.
• How could the concept of benchmarking be used in your own organization (or one with which you are familiar), regardless of size?
• Consider how benchmarking could be useful to you in decision making.
• Analyze the potential risks of making a faulty comparison.
Assignment
Write a summary of the article you found (including the APA reference) and explain how it informed your understanding of benchmarking. Discuss how benchmarking could be used for financial decision making in your own healthcare organization (or one with which you are familiar). Also analyze the potential risks of making comparisons with an organization that is not a credible match with your own. Use other scholarly article to support your statements
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