Organizations should assess current budget processes to better understand their general approach and potential shortcomings.

Kaufman Hall Vice President Jay Spence discusses controlling labor costs while ensuring high-quality care in this article in the May 20, 2016 issue of Healthcare Finance.

Learn more about how MultiCare is bridging the gap between information and action with the help of the Axiom Cost Accounting solution.

Finance teams need an accurate and consistent methodology to analyze profitability and performance. Learn more in our article on utilizing funds transfer pricing.

Best practices for creating and supporting a high-functioning cost accounting and decision support team.

The banking industry is full of hope with expectations of higher interest rates and decreased regulation. However, banks and credit unions still find themselves mired in one of the most...

Use of advanced techniques and tools with the right capabilities can help executives track and balance interdependent priorities—all while managing costs and optimizing care quality. This article describes how to effectively convert strategy to actionable and sustainable operational initiatives.

Guest blog written by: Mark Hutchinson, Vice President and Director of Financial Planning and Analysis at STAR Financial Bank This is the third and final blog in our series on Incentive...

Since the financial crisis, the banking industry as a whole has been reporting record profits for several quarters, at least in terms of dollar figures. Unfortunately more meaningful measures of bank profitability–such as average return on equity, average return on assets, and net interest margin–have remained depressed or stagnant.

(Part 3 of a 3-part blog series) Preparations for the 2018 budgeting process are underway in financial institutions. Few people relish the experience, which is often characterized by long hours and vast differences between the future financial performance executive stakeholders want and what management can deliver. Aligning strategic plans with tactical plans and associated budgets often does not occur or the linkages among these pieces are weak.

Hospital and health system executives benefit from having processes in place that help ensure capital allocation decisions align with strategic goals.

In the previous blog we discussed the challenges facing many financial institutions in today’s marketplace, including substantial regulatory requirements, significant competition...