Software

Choosing a Healthcare Planning, Budgeting and Forecasting System

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Executive Summary

The guide outlines a systematic approach to planning software evaluation and selection that aligns best practices and leading-edge technology with planning activities in the organization. Review the planning process, identify challenges, define stakeholder requirements and match the emerging criteria with software features and functions. The enterprise planning process - planning, budgeting, forecasting and reporting - presents a formidable challenge to most companies, regardless of size or industry. For healthcare organizations, the planning process is further challenged by fluctuating reimbursement rates, patient volumes and access to capital. Enterprise planning is a crucial component of financial management that contributes greatly to an organization's overall success or failure.

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