Using corporate finance to engineer an organizational turnaround.
Georgia's Southern Regional Medical Center used a proven corporate finance approach to dramatically improve its financial position and integrate its strategic and financial planning. Managers throughout the organization were educated about principles of corporate finance. Reliable cash-flow projections were used to create a multiyear glide path to financial stability. Initiatives were tied to specific time frames and quantifiable financial goals and underwent a standardized review process.
Sussman
Jason H
JH
Kaufman, Hall & Associates, Northfield, Illinois, USA.
Dziesinski
Ray R
RR
D002017:Budgets; D002201:Capital Expenditures; D002202:Capital Financing; D005377:Financial Management, Hospital / Q000379:methods*; D005845:Georgia; D006740:Hospital Administrators / Q000193:education*; D006754:Hospital Restructuring / Q000191:economics*; D006801:Humans; D008389:Marketing of Health Services; D019982:Organizational Case Studies; D015279:Organizational Culture; D009937:Organizational Objectives; D010934:Planning Techniques; D013192:Staff Development