Maintaining Financial Strength Requires Knowing The Numbers

Historically, talking about business in health and human service circles has made many managers and many more clinical professionals uncomfortable. It's the conflict between “doing good for consumers” and the financial strength that is required for that mission. The management key is to draw a clear link between mission and profitability and financial strength (see How Big Is The Ocean?), which is important in a rapidly changing market (see Are You Ready For M&A?).

One element in drawing that clear link is data. Managers need to be able to use financial data both in operations management and . . .