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by HFMA, 91% of organizations use an annual budget, yet 74% of hospitals and healthcare systems state their budget is out of date within the first quarter of the fiscal year, but spend up to 6 months creating, finalizing, and approving their budget.
Moving Beyond the Static Budget
Changes in the marketplace, namely the shift to outcomes-based reimbursement, call for new approaches to financial management. Healthcare leaders are quickly realizing that now is the time to re-define core practices such as the annual budget process if they want to achieve success. Join this webinar to learn different approaches for moving beyond the budget that will create a new mindset among your managers and drive results for your organization.