Moving Beyond Budgeting in Healthcare
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(as of Nov 15, 2023 01:03:26 UTC – Details)
As healthcare organizations streamline their care delivery process through the elimination of waste and the application of operational excellence principles, they are finding that much of the time spent creating and adjusting the annual budget is wasted time. This 25-minute video examines two healthcare organizations that have moved away from creating annual budgets to a more effective way of financial planning.At ThedaCare, you will meet Brian McGinnis, VP of Finance at Thedacare, who manages the corporate quarterly forecast process. Brian describes the advantages of using the financial team s valuable time to consult with business managers to help them optimize their finances instead of working with them to create an annual budget. We also speak with David Cooke, former CFO at Park Nicollet Health, about what they gained after eliminating the budget process.To give us the financial professional perspective, we discuss the concept of Beyond Budgeting with Steve Player, Director of the North American Beyond Budgeting Round Table. Mr. Player describes the process of breaking down an organization s financial processes to find waste, the 12 Beyond Budgeting principles and the key reasons why you should stop creating your annual budget. The target audience for this DVD is CFO s, controllers, directors of financial planning and accounting, senior leadership team members, and lean implementation leaders.
Package Dimensions : 7.1 x 5.42 x 0.58 inches; 2.93 Ounces
Director : Steve Player, Steven Bollinger
Media Format : NTSC
Run time : 25 minutes
Release date : January 1, 2015
Actors : Brian McGinnis, VP of Finance at ThedaCare, David Cooke, Former CFO at Park Nicollet Health
Studio : ThedaCare Center for Healthcare Value
ASIN : B013KC0NBU
Number of discs : 1
