In Financial Forecasting, Time to Plan for the Worst
Here are a few negatives to consider including in your projections:
- Even deeper cuts to Medicare and Medicaid
- Shifts in your payer mix, including payer consolidations
- Mergers and acquisitions affecting market share
- Large business closures or bankruptcies
- “Black Swan” events
With so much uncertainty on the economy and on Capitol Hill, creating a viable financial forecast to guide your organization is more complex than ever.
“The one thing that persists for CFOs today is the inability to plan,” laments Mahan. “It’s a never-ending, changing environment, and it makes our ability to forecast very challenging.”
Karen Minich-Pourshadi is a Senior Editor with HealthLeaders Media.
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