Who should be kept appraised of the facility's financial performance?

Keeping management and employees informed about the facility's financial performance is crucial for several reasons. When employees understand the financial health of the operation, they can appreciate how their roles contribute to the overall success of the facility. This understanding can foster a sense of ownership and engagement, motivating staff to work towards common goals, maximize efficiency, and improve customer service.

Transparency in financial performance also helps in building a positive workplace culture, as employees feel included and valued when they are kept in the loop. This can enhance teamwork and morale, ultimately leading to better service for customers and improved financial outcomes for the facility.

While management is directly responsible for financial oversight, involving employees ensures that everyone is aligned with the facility's objectives and can contribute to its financial success. Keeping all stakeholders informed helps in making better decisions and optimizing operations.