7 Ways Hospitals Can Create More Accurate, More Useful Finance Benchmarks

January 7, 2016 David Beto

Benchmarking is critical to accurate reporting, yet many hospital finance directors fail to track the right metrics or properly use the measurements they do collect.

Too often, they fixate on broad scale comparisons to industry averages, instead of looking directly at the top performers. They also fail to look outside the healthcare industry for role models. Why is that? The US healthcare industry has its share of problems, but we are, in general, trending toward innovation an evolution. Why does it seem like the industry’s finance directors, who are typically savvy people, are failing to see the correlations between the healthcare industry and the service sector as a whole?

Previous Article
Policies and Procedures That Will Put Your Hospital on Sound Financial Footing in 2016
Policies and Procedures That Will Put Your Hospital on Sound Financial Footing in 2016

Though recognized as one of the greatest rocket scientists in history, Wernher von Braun, who wa...

Next Article
3 Big Healthcare Changes of 2015
3 Big Healthcare Changes of 2015

To say the healthcare industry experienced a dynamic 2015 is putting it mildly. Mergers and acqu...