Common Challenges in Healthcare

  • Difficulties tracking the effectiveness of cost containment/reduction initiatives
  • Balancing strategic investments
  • Complex employee planning and staffing models
  • Physician revenue modeling that properly considers volume and incentives
  • Health systems with numerous different budgeting requirements and operating models (hospitals, medical groups, long term care)
  • Difficulty managing operational accountability for the budget
  • Frequent acquisition of hospitals/physician groups
  • Frequent capital projects
  • Managing Grants and restricted funds. State funding with specific, detailed reporting requirements

UMASS Case Study

Discover how a never-ending budget cycle, manual financial reporting and disengaged operational managers transform through implementation of Infor CPM to create a results-driven and streamlined financial reporting process.

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