Business Planning is a necessity for any organization.
In an environment where everything from reimbursement models to the macro economy can change in a minute, leaders need a roadmap to help them respond to future developments.
Creating such a plan requires skill, experience, and an understanding of the business side—which is where HealthCare Finance Advisors comes in.
With 25+ years of academic and industry experience, Jane Kaye is familiar with every aspect of business planning, such as:
Revenue projections are key to the success of any organization’s proposed strategy. Multiple factors will influence these projections, and it takes years of hands-on experience to accurately anticipate changes in the many variables—including patient populations, volume, insurance coverage, or government regulations—that impact payment rates.
A financial strategy that seems solid today may quickly implode if even one of these variables shifts significantly. That’s why a solid industry background, and the ability to maintain an objective viewpoint, are essential for business planning.
Similarly, it’s important to understand different categories of expenses to distinguish the cost drivers that influence your cash flow.
Some expenses are fixed costs, and exist separate from volume. Some are variable, and will increase and decrease as volume changes. And when it comes to human service organizations, most, if not all, of these expenses behave in ways that are unique to the industry.
Contact us today to learn more about how Business Planning from Healthcare Finance Advisors will benefit your agency.
Jane understood the many different aspects of the project and synthesized them into a coherent financial plan, without which no decision could have been reached.