Explain the relationship between financial forecasting, Operation Management

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• Describe the requirements of forecast demand and capacity requirements for financial planning, leading to proper business valuation.

• Explain the financial risks to a healthcare organization that could result from a failure to plan for the healthcare legal and regulatory environment.

• Describe the relationship between financial forecasting for financial planning and for strategic planning, with a focus on describing the key requirements for effective financial planning and policy making.

• Discuss and explain the various categories of costs needed in forecasting expenses to achieve a desired financial planning for effective decision making.

• Explain possible reasons why consolidations, mergers, and acquisitions occur for hospital and other healthcare organizations and the capital challenge for such ventures.


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