In support of strategy formulation, finance plays a vital role in helping other leaders to understand the organization's current financial picture, and to show the financial ramifications of proposed strategies.
Healthcare financial planning is more complex than ever, evolving from a function-focused activity into integrated financial and operational planning that touches the entire organization.
Hospital financial planning is no longer simply a forecasting and budgeting exercise, but needs to reflect the effect of various initiatives and scenarios contained in increasingly complex strategic plans.