What is variance analysis and why is it important to the budget process in a healthcare organization?

What is variance analysis and why is it important to the budget process in a healthcare organization?

Paragraph 1 – answer the question.
Paragraph 2 – expand your answer by including additional information and opinions – include information from a credible (peer-reviewed) external source or a real life example and/or experience from the workplace. Choose relevant healthcare concepts and/or terminology, explain what they mean, and write how they’re relevant to this topic. Discussion on manufacturing, retail, and other examples are not relevant or substantial.
Paragraph 3 – Summarize your answer, concluding with a thought or an opinion of your own.

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