Strategic Financial Planning subscribers can access the individual articles and web exclusives listed below.
Forecasting & Budgeting
CHRISTUS’ Rolling Forecasting Approach Results in Greater Efficiency and Transparency
By Laura Ramos Hegwer
CHRISTUS Health’s new rolling forecasting process has created greater alignment between regional and corporate finance leaders. “We no longer have to worry about people being caught off guard by the assumptions used to drive the budget—or even the forecast,” says Justin Gravesen, manager, financial reporting at CHRISTUS Health.
Tool: CHRISTUS Health’s Strategic Volume Template
To help ensure that the appropriate volume projections are included in the budget, CHRISTUS Health developed a strategic volume template with a software vendor. Regional and corporate leaders use the tool to help prevent pie-in-the-sky volume assumptions that can inflate budgets.
Minimizing Credit Spreads and the Hospital's Cost of Debt
By Pierre Bogacz and Chris Rea
When selling bonds to public investors, hospitals that demonstrate an understanding of credit spreads and how to accurately measure pricing can maintain control over the process and minimize the cost of debt.
Data Metrics & Analysis
Replacing Imprecise Volume Metrics
By William O. Cleverley
An alternative metric of hospital volume—equivalent discharges—is a better predictor of total costs than adjusted discharge.
Insights from Our Sponsor
Plan Now to Prevent 2014 Reimbursement Shortfalls
By Steven J. Meyerson, MD
Staying ahead of the two-midnight rule and other new IPPS regulations can help healthcare finance leaders avoid unnecessary revenue losses.
Answer Your Trustees’ Question: Should We Affiliate?
By Jonathan Spees
Hospital CFOs can help guide the affiliation decision by identifying potential affiliation goals, structures, partners, and fiscal requirements.
Guiding Principles for Affiliations
The hospital CFO and other leaders should work with the hospital’s constituents (physicians, employees, community members) to create a set of guiding principles regarding affiliations.
Facility Planning Challenge
Determining the Best Facility Approach: A Campus Consolidation Examples
By Craig Acosta, Melissa Anderson, Jared Averbuch, and Larry Sterle
One large regional health system uses a three-part facility equation to explore various strategic options.
A Three-Part Facility Plan Equation
Many organizations are not fully focused on the facility plan equation—capital availability, capital prioritization, and capital sustainability—and the value that this process can provide to the overall success of the organization
Crowdfunding: Can It Work for Hospitals?
By Lauren Phillips
Mount Desert Island Hospital, a 25-bed critical access hospital in Bar Harbor, Maine, tried crowdfunding as a way to build its annual general fund. Seattle Children’s Hospital also tried crowdfunding through the Children’s Miracle Network.
Building an Agile Organization Through Strategic Planning
By John Harris
The right strategic planning process can drive your senior team to think strategically, prepare for uncertainty, and respond with agility.
If Health Care Is Becoming More Like Retail, Which Brand Are You?
By Arthur C. Sturm Jr.
If you know your customer base and its definition of value, you stand a higher opportunity to mitigate price and maximize margin.
Finance at a Glance
Record-Breaking MOB Investments Are Expected to Continue
By Mindy Berman
The seller’s market is continuing through 2013 with cap rates for the highest-quality properties between 5.5 percent and 6.6 percent nationally.
Publication Date: Tuesday, November 26, 2013