Is there a better way to approach budgeting and forecasting? How you can avoid an extended budget process and create a more accurate financial forecast
from Becker's Hospital CFO Report
Budget process evolution and maturity in healthcare organizations traditionally has lagged other industries, where leading-edge and data-driven forecasting approaches are currently evolving. Most healthcare institutions today invest a significant amount of time and resources in an annual process, with weeks spent negotiating a budget between department management and administration. This is true whether the approach is bottom up, zero based, volume driven or top down.
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