Tag: scenario planning

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

Written on January 1, 2024.

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 a recognition...

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

Written on December 4, 2023.

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 that require a...

Scenario Planning for Rural Hospitals

Written on November 13, 2023.

Rural hospitals operate within a healthcare landscape that is rapidly evolving and often unpredictable. In this context, scenario planning emerges as a crucial strategic tool for hospital leaders....

The Critical Impact of Robust Financial Planning & Analysis: Powering Organizational Growth

Written on June 12, 2023.

In thriving businesses and ambitious healthcare organizations, constant growth and evolution are not just goals – they form the essence of their existence. A key protagonist in this growth...

Financial Planning and Analysis: The Sustainable Path of Success for Rural Hospitals

Written on May 15, 2023.

Rural hospitals play a pivotal role in maintaining the health of non-urban communities. Yet, these invaluable institutions often face various financial challenges that can threaten their ability...

The Importance of Scenario Planning in Cash Flow Forecasting

Written on February 13, 2023.

Forecasting is an important part of running any business, but it’s especially crucial in healthcare. Hospitals are financially beholden to the success of their business plan, and small rural...