Financial plan charts a hospital's course for success
Nyp, R.G.; Angermeier, I.
Healthcare Financial Management Journal of the Healthcare Financial Management Association 44(5): 30
1990
ISSN/ISBN: 0735-0732 PMID: 10145250 Document Number: 349434
A strategic financial plan is a healthcare organization's corner-stone for carrying out goals set by executives, board members, and the medical staff. If properly developed, the plan ensures that operational decisions support established financial goals. A typical plan follows a hospital's traditional statement of revenues and expenses, setting priorities and objectives for each component.