Tag: KRX

Essential Cash Flow Metrics for Rural Hospitals: Calculation and Importance

Written on February 19, 2024.

Effective cash flow management is crucial for the financial health of rural hospitals. Monitoring key cash flow metrics helps ensure that hospitals can meet their financial obligations, plan for...

The Impact of Improving Accounts Receivable Collections on Cash Forecasts

Written on February 12, 2024.

Enhancing accounts receivable (AR) collections can significantly transform the financial health of rural hospitals. Accurate and efficient AR collections ensure a steady cash flow, which is vital...

Beyond Patient Collections: Other Cash Inflows for Rural Hospitals

Written on February 5, 2024.

For rural hospitals, patient account collections are a critical source of revenue, but they are not the only source. Diversifying cash inflows is essential for financial stability and effective...

When to Do Your Cash Forecast: Timing Strategies for Rural Hospitals

Written on January 15, 2024.

Timing is everything when it comes to cash flow forecasting in rural hospitals. Deciding when to prepare your forecast can significantly impact its accuracy and usefulness. Some hospitals wait until...

Embracing the Leap: From 3.5″ Floppies to Data-Driven Insights

Written on September 11, 2023.

Much like the transformation from the humble 3.5″ floppy disk to the cloud’s expansive storage, healthcare organizations, particularly rural hospitals, find themselves in a similar phase...

The Critical Impact of Robust Financial Planning & Analysis: Powering Organizational Growth

Written on June 12, 2023.

In thriving businesses and ambitious healthcare organizations, constant growth and evolution are not just goals – they form the essence of their existence. A key protagonist in this growth...

7 Reasons Why a Rural Hospital CEO Needs a Financial Analyst

Written on May 29, 2023.

Rural hospitals serve as lifelines, providing critical healthcare to remote and underserved communities. The roles of CEOs in these critical institutions are fraught with unique and complex challenges...

Building An Executive Dashboard for A Rural Hospital: A Guide for Data-Driven Decision-Making

Written on May 22, 2023.

In today’s rapidly shifting healthcare landscape, standing still is not an option, especially for rural hospitals. With challenges unique to their setting, these hospitals often bear the brunt...

Financial Planning and Analysis: The Sustainable Path of Success for Rural Hospitals

Written on May 15, 2023.

Rural hospitals play a pivotal role in maintaining the health of non-urban communities. Yet, these invaluable institutions often face various financial challenges that can threaten their ability...

FP&A vs. Accounting in Rural Hospitals: Harmonizing Financial Narratives for a Brighter Tomorrow

Written on May 8, 2023.

In the multifaceted realm of healthcare, where the fusion of medical precision and fiscal responsibility plays out daily, finance emerges as the lifeblood that sustains rural hospitals. The heartbeat...

Unlocking Profitability Through Service Line Reporting in Rural Hospitals

Written on May 1, 2023.

Navigating the complexities inherent in managing rural hospitals can be quite a challenge. These institutions play a pivotal role in providing essential healthcare services to communities with sparse...

How Cash Flow Forecasting Can Help Rural Hospitals Weather Economic Uncertainty

Written on March 6, 2023.

Cash flow forecasting is a method of budgeting that allows you to plan and predict future cash flows based on historical data. It’s an essential tool for any business, especially for rural...