A Better Healthcare Financial Planning and Analysis System

Today’s Healthcare landscape is changing dramatically with governmental changes, an aging boomer generation, increased healthcare regulations, and others factors such as ICD-10. It is important that healthcare companies stay on top of performance, properly deploy analytics and/or metrics, and forecast where the organization might be going.

Dangers of IBWA (Inventory by Walking Around)

By Glenn Saunders I.B.W.A. is an acronym for Inventory by Walking Around.  This is to describe the process where an inventory manager or warehouse employee walks around the warehouse to determine quantity and location of inventory items. Another term used to describe this inventory management methodology is “Visual Inventory”.  As far as I know, the[…]

What is your digital disruption plan for 2016?

By Glenn Saunders     Digital transformation is becoming a more prolific topic among the top consultancies in the world.  When the darling blue chip GE starts an active advertising campaign (See the Commercial Here) touting itself as “The digital company.  That’s also an industrial company.” it may be time to evaluate what impact a digital[…]

How to avoid a software implementation disaster

By Glenn Saunders Implementing a software package, whether it’s for accounting, inventory management, manufacturing resource planning or any business area, is always a challenge for even the best organizations.  The result of a software implementation should not just be new technology, but must also be better processes, improved efficiencies and a reduction of business risk. […]

The seven deadly sins of Excel-based budgeting

By Glenn Saunders Microsoft Excel is the most widely used information management tool among businesses. Smaller companies typically use it to track expenses, keep up with accounts receivable and manage critical information like payroll. Larger companies have ERP, accounting and/or HR systems to manage that information, but often use Excel for budgeting and forecasting. Many[…]

A Better Healthcare Financial Planning and Analysis System:

Today’s Healthcare landscape is changing dramatically with governmental changes, an aging boomer generation, increased healthcare regulations, and others factors such as ICD-10.  It is important that healthcare companies stay on top of performance, properly deploy analytics and/or metrics, and forecast where the organization might be going.  Budgeting and forecasting are commonly very challenging for healthcare[…]

Planning For The Future

Successful businesses set strategic goals for specific business operations.  Goals should be more specific than “be successful” or “improve sales”.  Once you have specific facts and figures down on paper, you want to associate budgets and labor resources to those goals and monitor your progress.  You can’t trust the future of your company to spreadsheets[…]