Putting your money where it counts.
In today's complicated financial world, sophisticated cash management is becoming the norm for most larger healthcare facilities. But what is relegated to the back burner is sound investment of endowment, corporate surplus, pension, or deferred compensation funds. For help with this, facilities need a financial specialist, the money manager. A good money manager strives to produce an above-average return on an investment by selecting investments to meet an organization's specific goals and needs, monitoring the portfolio's performance, and changing the mix of securities, bonds, etc., when necessary. The most important factor in any portfolio is how well the funds are handled. Just a slight improvement in average performance can make a vast difference in contribution costs or benefits. The key is finding the proper money manager to accomplish stated goals and monitoring the results to keep the funds on track. The money manager is only one of many players in any pension plan. Others include the administrator, trustee, broker, pension committee, actuary, and the monitoring service, which often performs the money manager search and monitors the results of his or her work. The money manager search also can be conducted by companies specializing in this type of service or full-service brokers who offer the service. Some money managers operate independently, and others may be affiliated with the brokerage firm. The goal is to find the money manager who meets an organization's particular needs.
D003253:Consultants; D005376:Financial Management / Q000379:methods*; D005377:Financial Management, Hospital / Q000379:methods*; D010415:Pensions; D014481:United States