Tag: budgeting
Five Ways To Become More Data-Centric
The ability to parse data – turning the numbers into knowledge – is a tremendous opportunity for organizations and the finance professionals who work for them. That’s one key takeaway from a new CGMA report, From Insight to Impact: Unlocking...
Physician practice managers: Mind your buckets
When analyzing the cost of a physician practice, we normally segregate those costs into three different “buckets”: revenue generators, revenue enhancers, and revenue preservers. Each bucket performs unique functions and has a differing effect on the practices bottom line. Here’s...
Boot the budget? Why rolling forecasts might make more sense
When it comes to budgeting, accountants should stop presenting the numbers and letting others analyze what those numbers mean. If accountants don’t change, warns consultant Steve Player, CPA, CGMA, they’ll lose relevance and possibly lose jobs. “It’s our process that’s...