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How to Build a Financial Plan That Lasts
Building an annual budget requires a massive, coordinated effort across the organization, but by the time the budget is complete, the underlying components are often outdated. In rebuilding their budget processes, industry leaders have identified these key lessons that have helped them build a plan that lasts.
What is Dynamic Planning and Why Do It?
Dynamic Planning is a process that embodies a set of leadership and management principles that allow organizations to maximize their responsiveness to ever-changing market conditions. For health systems, this means nurturing a continuous improvement mindset while decentralizing financial stewardship to front-line managers who control most of the cost at the organization. It also means more…
Top 3 Roadblocks to Tracking Cost Savings in Your Organization
As part of Strata Decision Technology’s Virtual Summit online webinar series, “Let’s Get Tracking – A Working Session on How to Track Your Savings Initiatives” provided attendees with the opportunity to learn how other clients in the Strata network have best leveraged a Continuous Improvement tool to track their cost savings opportunities. In this recap, you’ll learn top problems healthcare leaders face when tracking their cost savings using standard methods—and how automation of the process can help them to track all initiatives across the organization.
The Four “Biggest Factors Impacting the Healthcare Business Today”
As part of an ongoing Strata Speaker Series, Strata Decision Technology hosted NorthShore University HealthSystem (NorthShore) CFO Doug Welday. The series invites industry leaders to speak at Strata’s Chicago headquarters on what they consider the biggest issues facing healthcare today. In this session, Welday spoke about his first 180 days at NorthShore and the top challenges he sees facing healthcare organizations today.