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Decisive Actions to Improve Financial Performance
When a community hospital Chief Financial Officer (CFO) notices dwindling cash reserves and declining patient volume, it’s time to identify opportunities for financial improvement.
It’s especially important to keep a close eye on key metrics that gauge a hospital’s financial health. Even during challenging times, financial metrics are tried and true.
Hospitals may need to adjust key targets to bring them in line with what’s realistically achievable. Think wisely and as a team about how to reassess targets. The following data points should be monitored regularly.
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