USING TRENDS TO MAKE FINANCIAL FORECASTS
Explain why it is important to use past trends when completing financial forecasts. How do you incorporate new service lines or changes when preparing the forecast?
MISSION AND VISION IN FINANCIAL FORECASTS
Explain how and why the organization’s mission, vision, and strategic plan should be used when preparing financial forecasts.
please use these books and other sources that wll help. APA format
Cleverley, W. O., Cleverley, J. O., & Song, P. H. (2011). Essentials of health care finance (7th ed.). Sudbury, MA: Jones & Bartlett Learning.
Harrison, C., & Harrison, W. P. (2013). Introduction to health care finance and accounting. Clifton Park, NY: Cengage Learning/Delmar
- Read Rundall, Oberlin, Thygesen, and Janus’s 2012 article, “Success Under Duress: Policies and Practices Managers View As Keys to Profitability in Five California Hospitals With Challenging Payer Mix,” from Journal of Healthcare Management, volume 57, issue 2, pages 94–111.
- Read Suarez, Lesneski, and Denison’s 2011 article, “Making the Case for Using Financial Indicators in Local Public Health Agencies,” from American Journal of Public Health, volume 101, issue 3, pages 419–425.
- Read the 2008 article “The Early Indicators of Financial Failure: Practitioner Application” from Journal of Healthcare Management, volume 53, issue 5, pages 345–346.