A disciplined approach to capital: today's healthcare imperative.
BJC HealthCare's experience exemplifies several basic principles of a finance-based approach to capital. Organizations that adopt this approach look to improve processes first, remove costs second, and spend capital last. Multiyear planning is required to quantitatively identify the profitability and liquidity requirements of strategic initiatives and address essential funding and financing issues.
BJC HealthCare, St. Louis, USA. pxd2243@bjc.org
Patrick J
PJ
Dupuis
Kenneth
K
Kaufman
D002202:Capital Financing / Q000458:organization & administration; D017598:Efficiency, Organizational / Q000191:economics*; D005376:Financial Management / Q000191:economics / Q000458:organization & administration*; D006298:Health Services Administration / Q000191:economics*; D006801:Humans; D009937:Organizational Objectives; D011785:Quality Assurance, Health Care / Q000458:organization & administration