10/26/2020· Healthcare Facilities - Hospitals
Flex Budgets: A Quick Guide For Hospitals
By: Sahel Shwayhat, MBA, FACHE
Hospitals, like most businesses, have budgets. While they all track their performance closely against that budget at the organizational level, many fail to do so with the same rigor at the cost center level, mainly due to lack of dependable reports. In this article, I will explain what flex budgeting is, how it is calculated, and why using it helps the organization.