Case Study

Contemporizing the Financial Planning Process

  • Area of Expertise
    Performance Management & Analysis
  • Services
    Operating & Capital Budgeting
  • Company
    Governmental Health System
View All Services


Government-sponsored hospital had been experiencing increasing financial losses in recent years

In response to financial pressure, the Board sought a comprehensive analysis of the system’s revenue cycle, managed care operations and selected areas of financial operations

The analysis identified, among other findings, the need for a more effective financial planning process


Developed an understanding of the current financial planning process—governance/decision rights, workflows, technology and timetable

Current practices were evaluated against contemporary financial planning processes and a new financial planning process was designed

The features of the newly designed financial planning process include:

  1. Strategically developed financial targets based on credit market financial performance expectations
  2. Creation of a financial planning governance committee
  3. Acquisition of state-of-the-art financial planning tools
  4. A timetable that compresses the operating and capital budget preparation by approximately 33%

Our Insights

Avec Group Perspectives

Get insight into the latest developments and trends impacting the health provider sector and healthcare industry with our ongoing series of articles and white papers.

Current Topics

View all Perspectives

Get In Touch

Interested in our expertise?
Let's talk.

General Inquiries