To improve its financial management the Bronson Methodist Hospital (BMH), a US tertiary medical centre and winner of the 2005 Malcolm Baldrige National Quality Award (health care sector), integrated its strategic and financial planning processes. BMH used a 10-year financial plan which tracked debt outstanding and planned debt issuance (principle and interest payments), financial ratios,…

BPIR Categories

11.1.5 Manage financial risk
2.2.4 Formulate and review business unit strategy
6.4.1 Improve process/service performance

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