Keeping in view the benchmarking concept, discuss the minimum four factors which can be considered for benchmarking a health care institute.

Four factors which can be considered for benchmarking a health care institute are:

• Functional Benchmarking: Functional benchmarking is comparing one organization with another one in a different industry. It measures the functioning of the organization.
• Internal Benchmarking: Internal benchmarking is a comparison between different departments or branches of the same organization.
• Competitive Benchmarking: In this particular type of benchmarking, comparison takes place between competitors.
• Generic Benchmarking: Generic benchmarking is comparison of process between different organizations using statistics. Generic benchmarking helps to organizations adopt new innovative methods and increase productivity.