The increasing pressure on the bottom line of healthcare provider
organizations requires leaders who understand and can adeptly apply
the basic principles of effective financial and operations
management. To be successful in today's environment leaders must
simultaneously improve quality and service while reducing expense.
Improving Financial and Operations Performance: A Healthcare
Leader's Guide is a collection of proven effective tips, tools, and
techniques accumulated from real-world challenges and lessons
learned logically organized to provide a straightforward approach
to planning, assessing, managing, and monitoring a business
enterprise to improve profitability.This book provides a clear,
step-by-step "how to" approach for both new and experienced leaders
seeking a leg up in tackling the myriad of common and complex
challenges they are facing including conducting a budget variance
analysis, managing labor and non-labor productivity and expense,
performing a comprehensive financial condition analysis, growing
profitable volume and market share, developing an effective
business case for improving quality, and evaluating the financial
impact of a future project. Written for clinical and administrative
leaders working in the trenches, it provides practical and
applicable tools with relevant, real-world, and replicable case
study examples. The essential value of Improving Financial and
Operations Performance: A Healthcare Leader's Guide is improving
decision-making effectiveness, enhancing operations efficiency
know-how, and developing strong financial management acumen to
overcome the challenges in today's healthcare environment. Key
Features: Author experience with extensive expertise as a former
investor-owned hospital CEO, integrated health system vice
president, managing director for the renowned turnaround experts,
the Hunter Group, and graduate business school professor in
management, finance, and economics. Realistic case examples to
apply the key lessons through detailed practical and relevant case
studies using clear step-by-step instructions. Calls-to-action at
the end of each chapter with critical leadership imperatives to
help prioritize and focus efforts on what matters most.
Comprehensive glossary of key terms and concepts using plain easy
to understand language. Appendices and Excel templates containing
easy-to-use plug-and-play financial worksheets, checklists, best
practice pathways, and performance assessments. eBook access
purchase includes digital access for use on most mobile devices or
computers.
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