Newbrier Blog

How to Stop Procrastinating: Practical Strategies for Overcoming Delay and Enhancing Productivity

Written on March 4, 2024.

[socialrocket] Procrastination is a common hurdle that many of us face, impacting our productivity and efficiency both in personal and professional spheres. This tendency to delay or postpone...

Dealing with Payment Uncertainty in Rural Hospitals: Strategies for Financial Stability

Written on February 26, 2024.

[socialrocket] In the financial landscape of rural hospitals, one of the biggest challenges is the uncertainty of when payments will be received. Patients may not pay their bills on time, insurance...

Essential Cash Flow Metrics for Rural Hospitals: Calculation and Importance

Written on February 19, 2024.

[socialrocket] Effective cash flow management is crucial for the financial health of rural hospitals. Monitoring key cash flow metrics helps ensure that hospitals can meet their financial obligations,...

The Impact of Improving Accounts Receivable Collections on Cash Forecasts

Written on February 12, 2024.

[socialrocket] Enhancing accounts receivable (AR) collections can significantly transform the financial health of rural hospitals. Accurate and efficient AR collections ensure a steady cash...

Beyond Patient Collections: Other Cash Inflows for Rural Hospitals

Written on February 5, 2024.

[socialrocket] For rural hospitals, patient account collections are a critical source of revenue, but they are not the only source. Diversifying cash inflows is essential for financial stability...

Beyond Numbers: The Impact of Qualitative Denominators in Rural Hospitals

Written on January 29, 2024.

[socialrocket] In the distinctive landscape of rural healthcare, assessing a hospital’s operational effectiveness extends beyond the realm of quantitative analysis. The success of a rural...

Estimating Patient Receipts for Cash Forecasting

Written on January 22, 2024.

[socialrocket] Accurate cash forecasting is a cornerstone of financial health for any rural hospital. At the heart of this process is the reliable estimation of patient receipts and the cash...

When to Do Your Cash Forecast: Timing Strategies for Rural Hospitals

Written on January 15, 2024.

[socialrocket] Timing is everything when it comes to cash flow forecasting in rural hospitals. Deciding when to prepare your forecast can significantly impact its accuracy and usefulness. Some...

The Myth of Forecast Accuracy: Building Realistic Cash Flow Projections for Rural Hospitals

Written on January 8, 2024.

[socialrocket] Forecasting is a critical tool for rural hospitals aiming to navigate their financial futures. However, the concept of forecast accuracy often sets unrealistic expectations. At...

Why Your 2024 Budget is Wrong: Understanding the Limits of Budgeting in Rural Hospitals

Written on January 1, 2024.

[socialrocket] As we step into 2024, every rural hospital CEO needs to hear a clear message: Your budget is wrong. This statement isn’t an indictment of your planning abilities, but rather...

The Hospital Leader’s Guide to Balancing Intuition and Analytics in Critical Decisions

Written on December 4, 2023.

[socialrocket] Balancing intuition with analytics is a critical skill for healthcare leaders, especially in the unique setting of rural hospitals. CEOs in these environments often face decisions...

Adapting OKRs in a Rural Context

Written on November 27, 2023.

[socialrocket] The Objectives and Key Results (OKRs) framework, renowned for its effectiveness in diverse organizational settings, holds unique potential for rural hospitals. In these settings,...