Create an environment of sustainable excellence – an environment which is committed to driving a shift from pay-for-service to pay-for-value.
You have been promoted to a senior leadership role and have been charged with improving financial performance in your organization. To do this, you will work with your team to create an environment of sustainable excellence – an environment which is committed to driving a shift from pay-for-service to pay-for-value.
In the coming months, you will take a closer look at operating and capital budgets. You will also examine how costs are allocated and charged, and how the revenue cycle is managed. Initially, however, you want to ensure that your colleagues have a clear understanding of the current state of affairs. You recognize that without clarity and alignment around what the organization should aspire to and why, there is a risk that financial decisions will not be grounded in the Mission and Values of the organization.
Answer preview to create an environment of sustainable excellence – an environment which is committed to driving a shift from pay-for-service to pay-for-value.
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