financial data

Why is Financial Data Important in Nursing?

Financial data is essential for several reasons:
- It helps in budgeting and resource allocation, ensuring that funds are available where needed.
- It aids in cost management by identifying areas where expenses can be reduced without compromising care quality.
- Financial data can inform policy decisions, helping to shape better healthcare delivery models.
- It supports financial planning and forecasting, which are crucial for long-term sustainability.

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