Approaching the Financial Turnaround Process: Planning for the Financial Revitalization of a Behavioral Health Organization

At some time every organization will face the challenges of a financial turnaround. Some are preventable; some are not. And depending on your organization’s funding mix, the affects of a downturn in business cycle will vary greatly. In the behavioral health and social service field, a financial turnaround has more to do with service delivery than financial reporting. Because individual financial decisions made at every level affect the whole organization, the resolution of financially revitalizing a behavioral health program requires more than a simple fix or a restatement of financial transactions.
Financial turnarounds are never comfortable or easy. The . . .