Free Guide - Six Steps for Using Business Planning for FY22

The Team at Plan4Healthcare is pleased to share a free guide with “Six Steps for Using Business Planning to Optimize Your Approach to FY 22.”

The Six Steps include practical ideas, tips, and questions garnered from our experience working with a diverse group of VAMCs since 2014.  The steps, which will help you design a planning and budgeting approach tailored to your Station’s needs, include:
  • Step 1 – Get the Right People Involved
  • Step 2 – Optimize Your Timing
  • Step 3 – Balance Complexity, Effort, and Impact
  • Step 4 – Gather the Right Data & Make Accurate Projections
  • Step 5 – Communicate Clear Decisions
  • Step 6 – Prepare to Execute, Monitor, and Adjust

Consider 4Cast to Improve Your Station’s Planning and Results

At Plan4HC, we built 4Cast specifically to help VAMCs conduct annual planning and budgeting.

If you’d like to learn more about 4Cast, we’ve created a simple and concise “Self-Guided Tour” of 4Cast that you can review in just a few minutes.  The Tour is organized into five posts, each taking less than two minutes to review.

Contact Us today if you’d like to discuss how we can introduce 4Cast to enhance your planning and budgeting in FY22 and beyond.

Should Service Chiefs Be Accountable for Budgets?

It’s time-tested question and debate among VHA Directors, ADs, and CFOs:

Should Service Chiefs be accountable for tracking and managing financial performance throughout each year? 

Is it fair to ask Service Chiefs to worry about budget and finance amid many competing priorities and responsibilities?

Related questions include:

Should Service Chiefs have the authority to make resource decisions that may impact your Station’s overall financial position? 

Should financial performance be a factor in Service Chief’s annual performance plans?

These are critical questions for each VAMC Leadership and Fiscal team to consider.

The answers have significant implications for your Station’s overall planning, budgeting, and governance approach as well as organizational culture, recruitment, and retention.

Let’s explore some of the common arguments for and against delegating financial accountability to the Service levels.

Arguments For Financial Accountability

  • Building business acumen and retaining financial responsibility are within the scope of a Service Chief’s job description.
  • Financial accountability mirrors private sector best practices.
  • Service Chiefs best know their most pressing needs and how to prioritize resource decisions.
  • Leadership and fiscal do not have the bandwidth to micromanage ongoing resource decisions.
  • Delegation increases flexibility while reducing bureaucracy.

Arguments Against Delegating Accountability 

  • Service Chiefs (especially clinical) do not have time to keep up with finances and budget performance.
  • They lack the training and administrative support needed to achieve desired levels of business acumen.
  • Delegating may lead to runaway expenditures and ultimately increase financial risk.
  • Fiscal staff have a better understanding of spending patterns and trends.
  • There is a lack of tools available that Service Chiefs can easily use to plan, monitor, and project budgetary and financial performance.

Is there a right answer?

Each VAMC must evaluate its financial position, readiness, capabilities, and tools to determine the most effective and realistic approach to delegation and financial accountability.

However, with VHA modernizing, implementing new systems, featuring transparency, and fully committing to High Reliability, there is an inevitable trend toward delegating financial authority and expecting Service Chiefs to be accountable for financial performance. 

For those Stations that wish to move in this direction, it is critically important to understand the governance structure (to include processes, decision making authority, and tools) that must be in place to effectively administer a delegated model.

For example, Stations will need to commit to establishing Service-level budgets each year, clearly communicate any limits on spending authority, implement regular financial performance reviews among Services and Budget Analysts, and re-design Resource Board to fit within a delegated structure.

4Cast Supports a Transition to Financial Accountability

4Cast, a VHA-specific SaaS solution used by 25 VAMCs since 2016, is specifically designed to help Service Chiefs gain insight to financial performance and guide informed, proactive resource decision making.

One way 4Cast accomplishes this by is providing Service Chiefs with easy-to-read Resource “Monitoring” Graphs and Charts using your Station’s Payroll and HR data.

Here is just one example of 4Cast Monitoring tools, in this case a simple graph showing a Service’s current Overtime usage and Projected Overtime for the rest of the Fiscal year in relation to the Service’s budget target.

This graph, along 4Cast’s ability to drill down to detailed OT by Employee, enables Service Chiefs to quickly and proactively assess Overtime utilization and determine if action must be taken to bring spending in line with budgetary targets.

Want to See 4Cast But Don’t Have Time for a Demo?

We’ve created a simple and concise “Self-Guided Tour” of 4Cast that you can review in just a few minutes.  The Tour is organized into five posts, each taking less than two minutes to review.

Contact Us today if you’d like to discuss how we can introduce 4Cast to enhance your planning and budgeting in FY22.

Budget Call vs. Business Planning – Which is Better?

When it comes to annual operational planning and budgeting, you need a process that is both effective and efficient.

You also need a process that fits your organization’s needs and capabilities. One common approach is to conduct a “Budget Call;” another is to implement a “Business Planning process. Here are simple definitions of each:

  • Budget Call – A process through which each department/function in an organization formulates and submits projected resource needs for the coming year.
  • Business Planning – An integrated planning approach utilizing top-down and bottom-up methods to help organizations link aspects of strategy, operations, and budget each year.

Is one approach better than the other? What are the pros and cons of each? In this post we will break both down and help you determine the methods that will best serve you and your organization as you prepare for the coming year?

Benjamin Franklin reminded us about the importance of planning when he said “By Failing to Prepare, You Are Preparing to Fail”

Comparing Budget Calls to Business Planning

In a typical Budget Call approach, a Fiscal Leader or Budget Team Member requests that all Departments in an organization submit projected resource needs for the coming year. This is usually accomplished by providing each Department with prior year expenditures and requesting a projected value for each resource area for the upcoming year.

A primary estimation method in Budget Calls is extrapolation, where Managers use historical expenditure data to predict future behavior by projecting the trend forward. The Finance Team reviews all requests, identifies outliers, compares proposed expenditures to expected revenue, and presents a budget to Leadership. Budget targets are finalized and then tracked throughout the year.

Budget calls are usually treated as a separate track from other forms of strategic planning, tactical planning, or capital planning.

Budget Calls are easier to conduct; Business Planning has transformative potential

In a Business Planning approach, the organization’s Executive Team communicates priorities and high-level financial targets for the coming year.

Each Department formulates a proposed plan addressing how it envisions achieving the broader organizational priorities. Within its plan, the Department assess itself, evaluates its performance, defines potential tactics, and develops resource projections to support continuing operations as well as new initiatives.

The Executive and Finance Teams review the Business Plans comprehensively and evaluate proposals in the context of priorities and projected affordable resources. The Executive Team makes tactical decisions, approving select initiatives and identifying detailed budget targets for each resource area for the coming year. Decisions and budgets are formally communicated to Functions/Departments. Both tactical execution and budget performance are monitored and adjusted throughout the year.

Business Planning directly links together elements of strategic planning, budgeting, operational, and other planning activities.

The following table compares key attributes of each approach:

Attribute Budget Call Business Planning
Complexity Relatively Low – Limited to budget-specific data Relatively High – Links multiple aspects of planning and data sets
Effort to Execute Relatively Low – Requires less data, more simplified methods, less sophisticated decision making Relatively High – Requires more data, more complex plans, and more sophisticated decision making
Engagement Limited to Finance/Budget Team and select Managers Inclusive of Executives, Finance, HR, and all Managers
Accountability Centralized Distributed
Primary Method Extrapolation Objective-Driven
Tools Typically conducted with spreadsheets / collaborative workspaces Requires more sophisticated tools for data presentation, trending, planning, & tracking
Impact Potential Low – Typically produces similar results from year-to-year High – Can potentially transform an organization’s operations and/or financial position within one or two years

 How Do You Choose?

You must understand your organization’s needs, capabilities, and maturity to identify the annual planning approach that will work best. Here are some helpful questions to ask:

  • What are historical / current planning practices?
  • Are well-defined tools and processes in place?
  • What is the organization’s management philosophy (e.g. centralized vs decentralized)?
  • Is the organization’s management approach proactive or reactive?
  • How stable is leadership?
  • Who will own the planning process each year?
  • Do managers and administrators have sufficient business acumen?
  • What is the quality, accuracy, and availability of the organization’s operational and financial data?
  • Does the organization communicate effectively (vertically and horizontally)?

Summary

So, when it comes to Budget Call vs. Business Planning, which is better? The answer is: it depends on your organization’s stability, situation, and needs.

  • If your organization is stable, has limited planning resources, and is more centralized in its management approach, a Budget Call is likely your best option.
  • If your organization is complex, has sufficient business acumen, is striving for more distributed management, and is facing difficult strategic and financial decisions, Business Planning is required to attain transformational results.

The Plan4 team is ready to help you implement either approach by offering tools, best practices, training, and other support to make your planning as efficient as possible. Contact Us today to discuss how we can be of service.

10 Important Planning Questions for FY22

As a Medical Center Administrator, it’s easy to be consumed with the many demands of day-to-day operations.

Add a disruptive event such as the ongoing COVID-19 pandemic into the mix, and you can quickly become overwhelmed by emerging issues, shifting priorities, staff needs, safety concerns, site visits, and other daily management demands.

Yet, even the most challenging times are usually measured in months, not years, and Medical Centers must sustain a basic rhythm of planning and executing toward long-term goals, strategies, and priorities.

With that in mind, here is an interesting question to consider: Is it too early to start thinking about FY22?

⇒ On one hand, FY21 is only a quarter complete and there is much work yet to be done within the year.

⇒ One other hand, FY22 is a mere nine months away.  We can anticipate that FY22 will bring unique opportunities and challenges influenced by variables as wide ranging as political transition, new strategic initiatives, public health, and global conflict.

Certainly, FY22 has the potential to present financial and budgetary challenges as the many resources utilized to support the COVID-19 response may need to be integrated into your VAMC’s general funding and operations.

If you already have an eye on FY22, here are ten thought provoking questions to help you formulate your planning approach:

Ten Planning Questions for FY22

  1. What types of planning are most important for your Station?  Is true Strategic Planning necessary or is a purely tactical approach more appropriate?
  2. Who from your Station should participate in planning?  Will Service Chiefs be given a role/voice?  What other external stakeholders must be involved?
  3. What is your planning philosophy with regard to employing a “centralized” or “decentralized” approach?
  4. What inputs and data will be needed to inform your planning?
  5. What specific results do you expect from your planning efforts?  Do you intend to generate a written plan with formal goals?  Or is a simple list of initiatives and projects sufficient?
  6. What milestones do you expect in your planning process?  By when must your planning efforts be complete?
  7. When/how does financial analysis and budgeting fit into the picture?  How can you best integrate strategic, operational, and financial planning?
  8. Where does FTEE fit into your planning methodology?  To what degree can you achieve strategic hiring plans?
  9. What opportunities are there to streamline and optimize your planning efforts?
  10. Once your planning is complete, how will you track execution and adjust as needed?

Let the Plan4 Team help you find the right answers to your questions about the best way to prepare for FY22

Would you like some help to review these questions and design your approach for FY22?  If so, our experts at Plan4 Healthcare stand ready to assist you and your team.

Drawing on decades of cumulative experiences serving as a partner to VAMCs, we offer best practices, an extra set of hands, and modern planning solutions to optimize your planning approach.  Our 4Cast platform, which is currently utilized by thousands of VA employees, is a modern, web-based solution designed to link  strategic, operational, and budgetary planning together in unique and meaningful ways.

Contact us today to schedule a free consultation and demonstration of 4Cast.

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4 Ways 4Cast Improves Efficiency & Saves Money

As a Medical Center Administrator, you’re always looking for ways to find efficiencies and save your Station money.  Each dollar saved in one area can be redirected to another area of need.  Or, if your Station is facing a deficit, savings opportunities are key to achieving a balanced financial position.

The Plan 4 Healthcare team understands how important it is for Medical Centers to plan and budget in ways that promote efficiency and cost effective outcomes.  We also understand that solutions you use to support planning and operations must themselves demonstrate a positive Return on Investment (ROI) for the Station.

In other words, if you’re going to invest money into a technology solution, you need to feel confident that the savings you achieve through improved financial outcomes and freeing up of resources exceed the cost of your investment.

The Plan 4 team designed the 4Cast solution to drive efficiencies and achieve positive ROI for Medical Centers in several ways.

Drawing on five years of experience implementing 4Cast for 25 VA Medical Centers, here are four specific examples of savings and ROI that we’ve observed and heard from our customers.

4 Ways 4Cast Saves Your Medical Center Money and Demonstrates Positive ROI

1. Reduces Manual Effort

As we detailed in a recent post, 4Cast eliminates the need to develop manual spreadsheets and reports to support budget calls and aspects of ongoing financial reporting.  We know these tasks require weeks and months of effort from Administrative and Fiscal Team members each year.

4Cast lifts the burden of manual work by automating processes for data loads and eliminating the need to build and track tactical, budget, and financial spreadsheets.

Potential ROI: Saves the time of 1 – 2 Admin/Fiscal Team FTEE each year, allowing these resources to reduce manual work and redirect time to analysis and other higher priority needs.

Setting up spreadsheets for Budget Calls and Resource Tracking is repetitive and time consuming.  Let 4Cast take this burden off of your Administrative and Fiscal Teams and free you up for more important tasks.

2. Improves Planning Accuracy

ELT Members and CFOs have shared their frustrations about critical operational and budgetary needs being missed during the annual planning/budget call process.  For example, a Service might forget to include the need for a significant contract in their annual request.  These misses cause huge headaches later in the year when unplanned needs emerge and suddenly require funding.

By providing a consistent user interface, offering validation features, and directly integrating historical FTEE, FCP, Contract, FEE and other data from your key financial systems, 4Cast greatly increases the chances that needs and projections will be accurately captured and accounted for during budget decision making.  As the year progresses, having accurate requests and projections in 4Cast along with Service-specific budget targets will reduce the need for constant meetings and decisions in Resource Committee.

Potential ROI: Hundreds of thousands or even millions each fiscal year by ensuring all operational needs are captured and accounted for during annual planning and budgeting.

3. Increases Financial Accountability

4Cast significantly increases the visibility and availability of financial and budget data across the Medical Center.  4Cast Monitoring tools provide Service Managers and Leadership team members with easy-to-understand graphs, charts, and detailed data showing year-to-date resource utilization, usage compared to budget, and projected future usage compared to budget. 4Cast also offers planning tools to evaluate FTEE scenarios, to include strategic hiring decisions and projection of budget impact.

By providing Services with modern tools to track and manage resources, 4Cast promotes proactive financial management, reduces variability, and increases the likelihood that Services will manage more effectively and end the year on budget.

Potential ROI: Hundreds of thousands or even millions each year by arming Managers with tools to improve financial accountability and ownership of resource management.  

Monitoring tools in 4Cast such as the FTEE Scenario tool depicted above will jumpstart accountability and proactive management across your Medial Center.

4. Drives Organizational Alignment and Better Financial Outcomes

In the three items above, we’ve explained how 4Cast can save time and money by improving upon current planning and tracking processes.  However, when applied to its full potential and paired with a comprehensive Business Planning approach, 4Cast can lead to a complete realignment and turnaround of a Medical Center’s performance and financial position.  This is because 4Cast is designed to help Medical Centers directly link annual budget and operational planning back to strategic goals and other Station-level priorities.

By fostering alignment across all aspects of planning, Medical Centers can move toward aligning resources to foundational services and achieving strategic hiring.  In one example, a Medical Center we worked with eliminated a budget deficit of over $25M in one Fiscal Year by realigning resources and controlling FTEE within the context of budgeted levels.

Potential ROI: Millions or even tens of millions for a Station over one to three fiscal years as strategic and budgetary alignment is achieved.

Ready to See 4Cast For Yourself?

Schedule a brief demonstration today to see with your own eyes how 4Cast will provide significant positive ROI for your Medical Center in all of these four ways.  Our team stands ready to help you with your FY21 Planning and Resource Monitoring.

 

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5 Ways Planning Technology Saves You Time

Effective annual planning requires a lot of time and effort. Every year, you need to:

  • prepare and collect financial and operational data
  • gather input from managers and executives from across the organization
  • develop financial projections
  • make tactical decisions and establish budget targets
  • communicate outcomes
  • track results

At the same time, annual planning and budgeting isn’t just an optional task; it’s something that all high performing organizations must repeat each year. 

As renowned management expert Peter Drucker once said:

Unfortunately, many organizations, even those who are highly committed to strong management practices, use manual methods to conduct most types of planning.

Here are a just a few examples of manual, time-consuming activities that are repeated each year:

  • Retrieving financial and operational data needed for planning and splitting it out into various documents, spreadsheets, and reports
  • Creating and updating dozens of spreadsheets each year to keep pace with organizational changes and evolving needs
  • Collecting requests and projections from across departments/units in disparate spreadsheets
  • Aggregating and rolling-up all projections from across many departments and spreadsheets
  • Maintaining shared sites that contain myriad files and require constant permissions management
  • Tracking decisions and action items in email chains

It’s 2020!  Save time and money by moving out of the dark ages of manual planning….

These manual steps add an unnecessary burden to leaders and financial managers who are already pressed for time. The inefficiency is especially painful in a year like 2020 where many organizations have directed significant energy to the COVID-19 pandemic response.

As an executive or manager responsible for planning, you literally can’t afford wasted time or resources within your planning efforts.

This raises an important question – how can you most efficiently tackle your planning requirements each year?

One readily available solution is to use technology to streamline all aspects of your planning process. A modern system such as Plan4’s 4Cast platform will automate many functions, retain and aggregate data, and track decisions, saving you effort, time, and ultimately, money.

Let’s explore five specific examples where a true planning solution like 4Cast will help your organization.

5 Ways that 4Cast Will Save You Time (and Money)

1) Data Preparation – A fully integrated planning effort entails many data elements from an array of sources. Here is a list of a few:

As a modern planning platform, 4Cast gives you the ability to aggregate this information into one place. These data elements can be loaded or even directly integrated from source systems into your planning solution. Data integration prevents you from having to pull everything together by hand.

2) Data Collection – Many of the data elements you need for planning will come from the managers in your organization. For example, managers of each department/function play a key role in planning by developing budgetary projections for a variety of resource areas. Instead of gathering this information via spreadsheets, a planning solution like 4Cast provides you with a secure, consistent, and user-friendly method to collect everything you will need from across the organization. Additionally, a planning tool will automatically roll-up all data into useful and customizable views.

3) Accuracy – A common planning challenge is dealing with inaccurate projections and requests. In a manual process, the probably of encountering data errors and omissions is high. A comprehensive planning solution like 4Cast provides data validation features and the ability to identify any data issues or outliers. Even better, a leading solution will apply analytics to assist with projecting accurate trends and scenarios.

4) Tracking – Your planning process will result in many outcomes and decisions that need to be tracked and managed.  These may include approvals, action items, budget allocations, performance targets, and more.  A solution like 4Cast retains all of these critical items and presents them in easy-t0-use dashboards for executives and managers to view and update.  In addition to a time saving benefit, the features also increase accountability and transparency.

5) Support – With a Software as a Service (SaaS) solution such as 4Cast, you get more than just technology.  You’ll also have access to a support team ready to assist with configuration, data preparation, user support, and training.  Additionally, the support team has guides, manuals, and other best practices readily available to share.  In a year where you and your staff are pressed for time, having access to this level of support can make all the difference.

You’ve got enough on your plate.  Let the Plan4 team lend a hand and help you use 4Cast to make your planning efforts as efficient as possible. 

Summary

So, how can planning technology save you time?

By automating manual efforts, streamlining processes, decreasing errors, preventing rework, and adding extra muscle to your team.

And money?

By reducing staffing dedicated to planning, by increasing the quality of your planning, and ensuring follow-through on budget planning and financial performance.

The Plan4 Team stands ready to help your organization use our 4Cast platform to start saving time and money.  Contact us to schedule a demonstration and discuss how we can be of service.

Improve Budget Tracking, Monitoring, and Performance with 4Cast

As a Medical Center CFO, you’re responsible for tracking and reporting your Station’s expenditures throughout the year.

You’re also on point for making end of year projections and keeping leadership informed of likely financial scenarios.

Yet, even with extensive financial data and analysis in hand, it is impossible for a CFO to control all aspects of a Medical Center’s financial outcomes.

This is because Service Chiefs and other managers across the station have the authority to spend or at least significantly influence resources, especially for FTEE, Overtime, Fund Control Points, Contracts, and Fee Provider usage.

The Challenge for CFOs

To effectively guide the financial performance of a Medical Center, CFOs must help Service Chiefs take responsibility for budget tracking and resource utilization. They need Services to understand the details of their financial data and take proactive steps if usage falls out of line with budgets and projections.

Unfortunately, disseminating timely and accurate budget and financial data across the organization is a time-consuming activity. It requires Fiscal Teams to extract data, create reports and spreadsheets, divide them up by Service, and send them around the organization. These steps must be repeated each pay period throughout the year.

In addition to providing data to Services, CFOs also need to provide Leadership with simple to use dashboards and reports identifying the overall financial trajectory of the Medical Center throughout the year.

4Cast is Built to Help You Meet These Challenges

Plan4 Healthcare understands the challenges you face around budget tracking and guiding financial performance. That’s why we’ve built extensive Monitoring capabilities into the 4Cast platform. The Monitoring tools in 4Cast are designed to:

  • Pull in multiple financial data sets (PAID, SOA, Vacancy Lists, etc.) into one system and eliminate the manual effort required to develop financial reports for Services and Leadership
  • Present year-to-date resource usage at the Service and Station levels in easy to understand graphs and charts
  • Show forward-looking projections for each resource area for future pay periods as compared to budget targets
  • Provide the ability to drill down into detailed levels of data to enable managers and leaders to better understand and validate financial data

Together, these Monitoring tools save time for CFOs while significantly increasing the visibility of critical financial and budget data throughout the system. From there, 4Cast Monitoring lays the foundation for improved accountability, communication, and outcomes.

Let’s look at examples of how 4Cast Monitoring can complement your financial data and tracking across the Medical Center.

Actual Year-To-Date

A simple yet critical data point for any resource is, how much of the resource has been utilized so far this year? Services need to be able to answer this question quickly and accurately for any given resource at any point in the year. 4Cast accomplishes this by providing easy to understand charts illustrating usage by pay period. For example, here is a graph illustrating YTD Overtime:

At a quick glance, we can see that this Service has expended $1,493,954 in Overtime costs through Pay Period 12. The blue line shows the Service’s entire YTD trend to include data points highlighting amounts spent in each individual pay period.

Projected Compared to Budget

It’s hard to tell if a Service’s resource usage is appropriate unless it’s viewed relative to a budgeted or targeted amount. That’s why 4Cast Monitoring allows your Fiscal team to capture budget targets for all resource areas, by Service. 4Cast can then display usage compared to budget as well as project future usage based on year-to-date trends. Here is a view of the same Service’s OT graph with Budget and Projected values added in:

We now see a more complete picture of this Service’s OT usage for the year. The Service exceeded their OT budget for the year in PP11. If current trends continue, they will end the year at nearly $2M in OT, which is approximately $616,00 or 45% over their budget. This is a scenario that most CFOs would love to avoid, or at least be aware of early in the fiscal year so adjustments can be considered. Having these graphs available to Service Chiefs throughout the year will greatly increase the station’s ability to identify and prevent these types of overages.

Monitoring Details

To fully understand and act on financial and budget issues, Service Chiefs need the ability to dig deeper into their financial data to understand what is driving trends. 4Cast is designed to facilitate this level of analysis by showing detailed data down to the individual FTEE and Pay Period levels.   Continuing on with the example of a Service reviewing Overtime data, here is a snapshot of details (note – names are obfuscated from the view):

This detailed level of data, which in this case is sorted by total OT paid YTD, allows a Service Chief to quickly identify which employees are utilizing the highest amount of overtime. 4Cast allows the Chief to expand the view of detailed data to include OT by Pay Period. If needed, they can quickly export the detail into excel for further review and analysis.

Scenario Analysis

For resource areas such as FTEE, predicting future trends for the sake of budget analysis can be complicated by variables such as the number of vacant positions, time to fill, and losses. 4Cast give Service Chiefs the power to model scenarios of likely gains and losses to compare how the projected future flow of FTEE in their Service will compare to budget levels and where they’ll end the year. Here is an example:

The graph shows that the Service is under budget for FTEE through Pay Period 12. In the worksheet below the graph, the Service has identified potential gains and losses to include a time dimension of when those actions may occur. 4Cast uses this input to project forward a position where the Service will end the near exactly on point with their Cumulative FTEE budget of 156. 4Cast can simplify this process by importing vacancy lists from HR Smart to ensure the data used for scenario planning is accurate and consistent.

Station-level Views

Finally, 4Cast has a series of Monitoring tools designed to provide an overview of resource utilization across the entire Medical Center. These rolled-up views offer Leadership team members to perform a quick analysis of overall financial and budgetary performance both today and projected for the remaining portion of the year. These views can progressively be drilled down to the Service level with the ability to sort by Services who are most over or under budget year to date as well as by projected year-end position. Here is an example of a facility-level FTEE Monitoring graph displaying overall YTD cumulative FTEE compared to budget as well as planned and projected FTEE levels going forward.

Check Out 4Cast Monitoring Today

The Plan4 Team stands ready to implement 4Cast to save your Fiscal Team time while expanding the visibility of financial and budget data throughout the organization.  Monitoring capabilities can be deployed for Medical Center within a matter of days of initial configuration.  We have the ability to include transfers and adjustments throughout the year.  Contact us today to schedule a brief demonstration and discuss how we can be of service.