Responsive Stewardship
Strategic Resource Allocation integrates analytics from across the organization to ensure that balance sheet resources become a dynamic part of the financial and strategic planning process. These resources serve as a “risk throttle” that dynamically responds to shifting operating risks and mission imperatives.
- Balanced Investments
Unrestricted cash and investments are a uniquely important lever for recalibrating the relationship between resources and risks, a process that becomes especially important in periods of operating turbulence. Strategic Resource Allocation is the bridge between the organization’s ever-changing operating and financing risk profile and the appropriate positioning of its balance sheet resources.
- Active Risk Management
Operations and mission collectively represent the greatest demand on every healthcare organization’s resources. Strategic Resource Allocation supports a transition from passive (or compliance-driven) risk management to active risk management by creating a dynamic bi-directional bridge between risk and balance sheet positioning.
- Integrated Decision-Making
Decisions related to operating performance, strategic endeavors, capital spending, leverage, and the role of investments each impact total risk and resource positioning. Strategic Resource Allocation creates a uniquely holistic decision-support framework.
- Agile Responsiveness
Navigating disruption requires analytic integration, communication, and action, guided by a common decision framework and resulting plan. Strategic Resource Allocation connects with other important decision-support tools to generate an integrated response that can be recalibrated as internal or external circumstances change.
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Continuously reposition balance sheet resources to advance operations and mission
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Promote actionable risk management as a critical step in optimizing balance sheet resource positioning
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Integrate reliable but typically distributed analytics to create truly responsive resource positioning
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Create a holistic risk-resource communication hub among and between management and governance
Experts
