Philanthropy: Will it Save Your Operating Budget?
Philanthropy has always been a strategy for nonprofit community hospitals to address their capital needs. But in today’s economic climate, many finance executives are finding ways to make fund-raising more integral to their financial planning efforts. They realize that having an operating budget funded in part by philanthropy can help strengthen their financial resolve.
How CFOs Can Help Champion Clinical Documentation
Hospitals have entered an age when quality measures and pay-for-performance initiatives rely upon codified data. Incomplete documentation can skew the data, which affects its quality ratings. In other words, getting the data right can make—or break—a hospital’s reputation with patients, physicians, and third-party payers..