Cost and performance management
As financial pressures increase within the industry, accountability for performance is becoming a major focus. The need for specification, capture, measurement and interpretation of appropriate performance indicators are integral to the new accountability regimes, both internal and external, which will apply to healthcare.
Huge pressures on the resources available to purchase an ever increasing array of health services mean that focus on costs is inevitable. With increasing trends to contestable purchasing, an understanding of costs and cost behaviour is imperative if sound pricing strategies are to be developed.
How we can help you
If you would like to guide your organisation toward better performance, we can work with you to improve your processes and knowledge around financial management by:
- Mentoring executive management
- Providing quality assurance on monthly reporting
- Refining budgeting processes
- Designing systems to capture appropriate data
- Specifying appropriate performance indicators
- Auditing and interpreting performance measures
- Conducting workshop or seminars to up-skill board members on financial reporting
