Integration of strategic, financial plans vital to success.
Without financial planning, healthcare administrators have no way of knowing if their strategies are realistic. Strategic and financial planning must work together at every level of healthcare management, from organization-wide efforts to individual programs. Administrators can use such techniques as product line management, flexible budgeting, and portfolio management to incorporate strategic and financial planning into daily operations.
D005376:Financial Management; D005377:Financial Management, Hospital; D005544:Forecasting; D006740:Hospital Administrators; D006752:Hospital Planning; D007324:Institutional Management Teams; D009934:Organization and Administration; D010934:Planning Techniques; D014481:United States