ACCA Strategic Professional · Advanced Performance Management · Management reports
Brightwell Hospital Trust is funded by government and must report to its funder, to patients' representatives and to clinical department heads. The funder mainly wants evidence of value for money. Which set of measures would best serve the funder's reporting needs?
The funder needs value for money evidence, so cost per patient against budget, waiting times and clinical outcomes are best. They map to economy, efficiency and effectiveness. Share price measures, social data or daily rosters do not meet the funder's information needs.
- ACost per patient treated compared with budget, waiting times and clinical outcomes, linked to economy, efficiency and effectivenessCorrect
- BShare price movement and dividend cover
- CStaff social event attendance and canteen spending
- DDetailed daily nurse rosters for every ward
Explanation
A public funder judges value for money through economy, efficiency and effectiveness, so cost per patient, waiting times and outcomes address this. Share price and dividend cover are irrelevant to a non-profit trust. Rosters and social data are operational detail not relevant to the funder's decision.
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