In a recent poll given by HFMA, 91% of organizations use an annual budget, yet 74% of hospitals and healthcare systems state their budget is out of date within the first quarter of the fiscal year, but spend up to 6 months creating, finalizing, and approving their budget.
Capital Planning for the Future
A rolling capital approach enables organization to properly vet and analyze strategic initiatives in the short- and long-term. It lets you identify and diagnose the criticality of your assets, prioritize those most in need of repair or replacement and reduce carry over. Join this webinar to see how you can realign your capital process to better align your investments with value-based care. We will also share four key insights from inside and outside the industry to use when reviewing best practices in capital decision making.