Instructions: Please answer using your own words in a minimum of 350, maximum 500 words PER 5 QUESTIONS Referenced with three (3) peer-reviewed journal articles or qualified text publish within the past five years and follow APA Manual 7th editions scholarly writing guidelines. When writing replies, please provide your experiences, new ideas, add probing questions and new literature on the topic to enhance the learning opportunity.
Such consolidation not only promotes accurate budget-making but also improves accountability (Spencer, 2015). Many organizations are now seeing the essence of incorporating patient data in their budgeting process; thus, they are integrating service analytics into their fiscal planning. Doing this allows them to make more accurate forecasts of workload projections. The first approach is the most effective because it accords an organization an opportunity to realize the mistakes they made, making it harder for their predictions to get realized. They can use the information they collate from such an analysis to improve the quality of their fiscal and performance forecasts, in the process, making them more accurate (Spencer, 2015).