The first draft of the Strata Center of Excellence, our open source “Playbook” of best practices to help your organization drive margin to fuel your mission. Join this session but we want you to be the first to preview our plays as you consider opportunities to improve how you plan, analyze and perform to bring additional value to your organization. We will be enhancing these plays and building out more in collaboration with you and our network of 200 healthcare delivery systems across the U.S.
Aligning Finance and Operations through a Quarterly Business Review Process
Quarterly Business Reviews (QBRs) provide value to an organization through a shared and transparent understanding of key performance indicators that drive financial performance. Through structured discussions, an organization can draw key insights and greater understanding of actual performance against plan expectations and, as necessary, recalibrate plans to achieve business objectives. QBRs provide an opportunity to enhance organizational financial acumen, drive a culture of continuous improvement, and improve organizational agility.
1. Understand Children’s Health cascading communication strategy to position the QBR process for success.
2. Learn how the Finance Business Operations team partnered with Operational Leadership teams to prepare for the QBRs.
3. Understand the critical success factors necessary for a successful implementation including recommended attendees, agenda, length of meeting, post QBR communication and action item management, etc.
4. Understand the successes and lessons learned from Children’s Health’s first year of QBRs.