Northeastern Health, as a regional medical center that ties pricing to specific services, uses a market control system.
What is a market control system?
A market control system is a system that an entity's management uses to identify performance deviations in order to institute corrective measures for goal achievement.
Some of the market control systems include:
- Annual plan control
- Profitability control
- Efficiency control
- Strategic control.
Thus, Northeastern Health, as a regional medical center that ties pricing to specific services, uses a market control system.
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