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by HFMA, 91% of organizations use an annual budget, yet 74% of hospitals and healthcare systems state their budget is out of date within the first quarter of the fiscal year, but spend up to 6 months creating, finalizing, and approving their budget.
To Cut Healthcare Costs, Start at the Top
Financial leaders can identify where and how to trim budgets, but it’s up to CEOs to get buy-in from an organization’s leadership and staff, and to address the cultural, quality, and staffing concerns associated with deep cuts.
Join this webinar to hear how Mission Health System, a six-hospital system based in Asheville, NC. tackled this approach by finding new efficiencies without threatening quality.