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.
