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Decision Making by the Numbers


Description

Healthcare providers in program development, managerial, and entrepreneurial roles make myriad decisions that significantly impact their teams, businesses, and livelihoods. The ability to quantify the decision making process through financial analysis is a skill critical to the success of providers in these decision-making roles.

In this presentation, I discuss ways in which to reduce the risk associated with important business decisions through the creation of detailed financial projections, as well as through the use of an analytical tool known as the cost-benefit analysis (CBA). The purpose of this presentation is to introduce and simplify these tools, making them a welcome and useful decision-making framework for healthcare providers and administrators in program development, managerial, and entrepreneurial roles.

Participants will be provided with instruction and access to electronic financial projection and CBA tools that can be used immediately upon completion of the session.


Objectives

Upon completion of this presentation, attendees will be able to:
  1. Understand the role of quantitative analysis as an important part of business decision making for the healthcare provider
  2. Understand how to create a set of financial projections for the development of new programs, services, or ventures
  3. Understand how to perform a cost-benefit analysis (CBA) for the development of new programs, services, or ventures
  4. Access and utilize electronic financial projection and CBA tools for use in business decision making


Downloads

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Learn More

For more information on this educational topic, or to learn more about Vantage educational events, please contact us online or give us a call at (866) 259-0264. For information on other previous events, please use the links below.

Financial Management
Building Brand Identity
Six-Step Marketing
The Power of Branding
Decisions by the Numbers
Finance 101
Market Analysis 101
Sticky Marketing Using Social Media
Online Marketing for Healthcare Providers
Healthcare Trends
Branding Direct Access Healthcare Services