ASC budgeting season is here: Focus on these 7 areas
As we approach the end of the year, ASCs should already be working on their budget for 2019 or at least planning to begin soon. A good starting point when designing a budget is to evaluate the current year's budget. Determine where projections aligned with reality and where figures were off, why numbers were inaccurate, and what these figures should have been going into the year. Use this information to generate a baseline budget and then adjust it based upon your plans for the new year.
Some plans are more likely to reshape your budget than others. Here are seven areas to focus on that can significantly alter line items in a budget and your overall forecast.