Hospitals are currently into their budgeting cycles. The issues and discussions on how to apportion limited resources to support the inter-related mission of service, education and research are interesting but difficult.
Hospitals have a duty to provide good care to their patients (service mission) but at the same time (as importantly) to train the next generation of healthcare professionals (Education) and research new frontiers in medicine and care delivery (Research).
Paul Levy, CEO of Beth Israel Deaconess Medical centre, an academic medical centre affiliated to Harvard Medical School, discusses in his blog www.runningahospital.blogspot.com his views on constructing a hospital budget. Check it out, including the comments that were posted. I find this reflection helpful.
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