登录查看更多内容

How do you justify your budget requests to senior management?

由人工智能和领英社区提供技术支持

As a healthcare manager, you know how important it is to secure adequate funding for your department or unit. But how do you convince senior management that your budget requests are reasonable, realistic, and aligned with the organization's goals and priorities? In this article, we'll share some tips and best practices for preparing and presenting your budget proposals to the decision-makers.

此文章中的业界达人

由社区从 3 条内容中精选。了解更多

Rigoberto Ruvalcaba Miramontes

Director Financiero | CFO | Contralor | Gerente financiero ??Experto en sectores: manufactura, alimentos…

1 Know your audience

Before you start drafting your budget requests, you need to understand who you are talking to and what they care about. Different senior managers may have different perspectives, expectations, and concerns when it comes to healthcare finance and budgeting. For example, the CFO may focus on the bottom line, the CEO may look at the strategic vision, and the CMO may emphasize the quality of care. You need to tailor your budget requests to address their specific interests and questions, and use the language and metrics that they are familiar with.

添加您的观点

2 Align your budget with the organization's mission and goals

One of the most effective ways to justify your budget requests is to show how they support the organization's mission and goals. You need to demonstrate how your department or unit contributes to the overall value proposition, performance, and reputation of the organization. You can use data and evidence to illustrate how your budget requests will help improve patient outcomes, satisfaction, and loyalty, enhance operational efficiency and productivity, reduce costs and risks, and foster innovation and growth.

添加您的观点

Dora Cortez

Director of Operations, Neurosciences at Ascension Medical Group
举报内容
One thing I have found helpful when seeking approval, is to understand and articulate the needs of your local community. This perspective can help push the approval over the finish line when the benefits are apparent.

已翻译

赞

3 Prioritize your budget requests

You may have many budget requests, but you can't expect senior management to approve them all. You need to prioritize your budget requests based on their urgency, impact, and feasibility. You need to identify the most critical and beneficial budget requests that address the current and future needs and challenges of your department or unit, and explain why they are essential for delivering high-quality care and services. You also need to consider the availability and sources of funds, the return on investment, and the potential trade-offs and alternatives for your budget requests.

添加您的观点

4 Provide clear and concise details

Senior management may not have the time or patience to go through lengthy and complex budget documents. You need to provide clear and concise details that highlight the key points and figures of your budget requests. You need to use simple and consistent formats, such as tables, charts, and graphs, that make it easy to compare and contrast your budget requests with the current and projected budget scenarios. You also need to use clear and accurate assumptions, calculations, and projections that support your budget requests, and document any sources, references, or assumptions that you use.

添加您的观点

5 Anticipate questions and objections

You should be prepared to answer any questions and objections that senior management may have about your budget requests. You should anticipate the most common and likely questions and objections that they may raise, and prepare your responses in advance. You should also have backup plans and contingency options in case your budget requests are rejected or modified. You should be ready to negotiate and compromise on some aspects of your budget requests, but also stand firm on the ones that are non-negotiable.

添加您的观点

6 Present your budget requests with confidence and professionalism

Finally, you should present your budget requests with confidence and professionalism. You should be respectful and courteous to senior management, but also assertive and persuasive. You should use positive and confident language, such as "we can", "we will", and "we have", rather than "we hope", "we might", and "we need". You should also use stories and examples that illustrate the benefits and outcomes of your budget requests, rather than just numbers and facts. You should also invite feedback and input from senior management, and thank them for their time and attention.

添加您的观点

Cirilo Monsanto Jr

Laboratory Director
举报内容
Sometimes, it's the timing especially for non budgeted items. I dont submit one if I sense management is not keen on approving certain big capital expenditures and the time of the year.

已翻译

赞

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

添加您的观点

Rigoberto Ruvalcaba Miramontes

Director Financiero | CFO | Contralor | Gerente financiero ??Experto en sectores: manufactura, alimentos, agroindustria, comercialización, servicios IT, telecomunicaciones y mueblero
举报内容
Not only in healthcare but in any business, do not focus just on the final benefit, you should emphasize minor benefits along the way as well. Any improvements you can point out will make your case stronger. At your presentation closure, pile all of this up. You will be asking for a budget for one final benefit but helping or solving some other surrounding matters.

已翻译

赞

Healthcare Management

+ 关注

给文章评分

我们借助人工智能创建了此文章。您认为这篇文章怎么样？

很棒不太好

举报此文章

查看全部

How do you justify your budget requests to senior management?

1

2

3

4

5

6

7

1 Know your audience

2 Align your budget with the organization's mission and goals

3 Prioritize your budget requests

4 Provide clear and concise details

5 Anticipate questions and objections

6 Present your budget requests with confidence and professionalism

7 Here’s what else to consider

Healthcare Management

给文章评分

感谢您的反馈

更多Healthcare Management相关文章

更多相关阅读内容

How do you justify your budget requests to senior management?

1

2

3

4

5

6

7

1 Know your audience

2 Align your budget with the organization's mission and goals

3 Prioritize your budget requests

4 Provide clear and concise details

5 Anticipate questions and objections

6 Present your budget requests with confidence and professionalism

7 Here’s what else to consider

Healthcare Management

给文章评分

感谢您的反馈

查看其他技能