A Case Study In Strategic Financial Planning In Health Service Organizations
Reads0
Chats0
TLDR
This paper will propose a step by step approach to strategic financial planning and their application to the healthcare industry and how the integration of these processes will result in a long term successful framework for achieving the HSO’s mission and vision.Abstract:
Integrating strategic planning and financial planning is the best way for health service organizations (HSOs) to ensure their budget allocations are appropriately targeted to long range solutions. In strategic financial planning, in order to ensure that there is long range financial success, annual budgets need to be analyzed from a long term organizational perspective. This paper will propose a step by step approach to strategic financial planning and their application to the healthcare industry and how the integration of these processes will result in a long term successful framework for achieving the HSO’s mission and vision. Cleveland Clinic will be discussed as an example of an HSO that has successfully utilized strategic financial planning.read more
Citations
More filters
Journal ArticleDOI
BUSINESS OWNER AND MANAGER'S ATTITUDES TOWARDS FINANCIAL DECISION-MAKING AND STRATEGIC PLANNING: EVIDENCE FROM CROATIAN SMEs
TL;DR: In this article, the authors conducted a survey with 106 business owners and managers of SMEs in Croatia and found that the most influential function they have in the process of financial decision-making is the organizational one which is considered one of the major functions of the management process.
University Student Support Systems, Help-Seeking Behaviour And The Management Of Student Psychological Distress
TL;DR: Maslow’s Hierarchy of Needs, in combination with the Health Belief Model can provide a strong foundation for universities to begin to understand why a student may not achieve their potential, or may depart prematurely.
Journal ArticleDOI
Financial Literacy of Managers in Serbian Health Care Organizations as a Path to Sustainability
TL;DR: In this article , a questionnaire was created that surveyed the managers of various health care institutions and the results indicated that managers of health organizations have a relatively modest level of financial knowledge, however, they participate in financial activities to a large extent.
How to integrate Investment strategies and Finance strategies. Case: Messukeskus
TL;DR: In this paper, an integration process of strategic planning, where an investment strategy is defined with financial planning in order to ensure longterm company success, was examined. But the authors focused on the effectiveness of external and non-traditional financing instruments available for the case company within its current financial policy limitations.
References
More filters
Book
Financial Management in Health Care Organizations
TL;DR: In this article, the authors present an overview of health care organizations' financial management in Health Care Organizations, focusing on the following topics: financial management, budgeting and variance analysis.
Journal Article
Looking out the window market intelligence for a view of the real world.
TL;DR: This research examines market intelligence data on hospital outpatient and inpatient services to compare growth rates in particular service areas, and compares the market share of each hospital within the market, by payer and region.
Journal Article
Strategic financial planning. What every trustee needs to know about facility replacement.
TL;DR: Find out what every trustee needs to know about facility replacement-when to rebuild, why and, most importantly, how to mesh new construction with a balanced financial and strategic plan.
Journal Article
Integrating strategic and financial planning.
TL;DR: This guide through the major steps for integrating strategic and financial planning shows how to balance organizational priorities and the deployment of resources.