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Hospitals and healthcare systems need budgeting, planning, and forecasting solutions that rely on smart analytics to centralize planning assumptions, integrate fragmented data, streamline budget workflows, and perform financial consolidations more quickly. This paper will focus on the challenges facing hospitals and healthcare systems that are related to external and internal planning. It will outline the best practices needed to streamline the planning cycle, increase operational efficiency, and empower staff to make better decisions, thus enabling healthcare organizations to compete effectively amid complex and rapidly changing market conditions and regulatory requirements.
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