Explain what a variance is and why it is important


Discussion Post: Healthcare Finance

Explain what a variance is, why it is important, and what role it plays in cost control. Then, find a news article not older than 5 years of a healthcare facility that managed or is managing to control costs. Provide a brief background, reasons why they must control costs, and what they are doing effectively to control costs.

The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Financial Management: Explain what a variance is and why it is important
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