Monitoring Operations with Ratios
Your book this week discussed several ways that leaders monitor operations in the health care field. They talked about occupancy rates, patient mix, payer mix, and several other factors. These are essentially all ratios used to monitor operations. Discuss specific ratios used in your work or home life, and how they are impactful. 250 words discussion
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One of the ratios used at work includes the customer retention rate. This measure is meant to determine the number of clients that return to the organization at least once. This ratio is important in that it helps to determine how well good the services or products of a company are.
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