As Finance teams look to re-engineer inefficient and ineffective budgeting and planning methodologies and tools, they realize that one approach can’t be right for every hospital or healthcare provider. In reality, a “best practice” planning methodology can’t be hard-wired and applied to every organization. An optimal process is often a function of an organization’s culture or even the competitiveness of its market.

Read this eBook for information on obstacles to effective planning and the 5 approaches to effective budgeting and forecasting in healthcare.

  • Aligning rolling forecasts, multi-year plans and detailed budgets
  • Embracing statistically-driven approaches to enable efficient "what if" modeling
  • Incorporating service line analytics to refine projections
  • Providing cross-departmental initiative-based modeling
  • Promoting the feedback loop with management and executives via reporting