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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.

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9/24/2020· Healthcare Facilities - Hospitals

Hospital Cost Accounting: Million Dollar Decisions Should Not Be Based on “Guesstimates”

By: Sahel Shwayhat, MBA, FACHE

All well-run businesses use data to drive their decisions. The higher the stakes, the more accuracy they demand from their data. Hospitals are businesses, even not-for-profit ones, and should conduct their operations like any other business. The area where hospitals lag far behind other businesses is in cost accounting.

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8/19/2020· Radiology

Radiology Volumes Are Different From What Finance Is Reporting. Why Does That Keep Happening?

By: Sahel Shwayhat, MBA, FACHE

Many of us who have worked in hospitals have been there; you are in a meeting with Finance, and their handouts have what is supposed to be Radiology volumes, but they are different from what Radiology’s internal reports show. So, whose numbers are right?

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