You Have Just Begun the Role of the Director of Emergency

Multiple Choice

You have just begun the role of the Director of Emergency Services in a new Los Angeles community hospital. How can you best project, or forecast, expenses for this department after having 5 years of experience in a similar role located in Tampa, Florida?

A) Systematically collect expense data for similar departments of similar size in the Los Angeles area.
B) Use the expense data that you have collected in Tampa, Florida as a baseline.
C) Consult with the CFO and ask for their recommendation because you do not have any data.
D) Understand that a forecast is not possible because historical data is not available.