Week 10 assignment nurs 6211: finance and economics in health care
One potential ramification of making a financial decision without using business indicators is the risk of making an uninformed or incorrect decision. Without access to data, information and insights that business indicators provide, it can be difficult to make an informed decision that best suits the needs and goals of the company. Additionally, not utilizing business indicators could lead to making decisions that are too aggressive or conservative as well as failing to recognize opportunities for growth or profitability. Not having access to relevant data could also result in costly mistakes that could have been avoided with a more thorough analysis.