Hospitals and health systems are caught in the middle of the transition from a fee-for-service payment system to a pay-for-performance system. To handle the challenges associated with the change, CFOs and finance teams should consider the right flight path, Mr. Carter says.
Whitepaper: Leveraging Strategic Planning at Your Healthcare System
How hospitals are planning for the future, even when the industry shifts
The healthcare industry is one of the most flexible, often-changing industries in the United States. With the onset of new government policy, mergers and acquisitions, and even new advances in technology that are impacting how hospitals and health systems plan for the future, it can be difficult for organizations to establish strategic financial planning for decisions made both today and in the future. But with impending change, strategic planning is becoming imperative.
In this whitepaper, learn all about strategic planning, including what it is, how best to utilize it, and the benefits for both short- and long-term planning. Regardless of whether your healthcare organization is using a traditional budget or dynamic planning (or a rolling forecast), strategic planning is an important part of the planning process that can help you evaluate and prepare for future risk.