eam members and leaders at every level are working together to focus on the Hospitals and Clinics (UUHC) Financial Action Plan. This takes incredible perseverance and collaboration which has generated significant progress for our system over the past fiscal year. This is just the beginning of our multi-year journey towards financial strength, to ensure we can meet the needs of our growing teams, programs, and community.
Part of this journey has demonstrated the need for more education and information regarding our finances and the processes involved that leaders oversee. That is why we have created a series of brief articles focused on all things finance, from a variety of leaders across the system. While these articles may not answer every question related to finance and budgeting, we hope they empower leaders to engage in the process and learn together!
Toolkit Articles:
Finance can provoke anxiety among staff, many of whom were never trained in finance, yet now find themselves responsible for contributing to the overall financial well-being of our system. Finance leaders Casey Moore and Clint Reid offer a basic vocabulary to help establish a shared financial language at University of Utah Health.
- Read Finance 101: Basic Terminology (5 minutes)
Understanding financial reports is crucial for leaders making informed decisions for their teams and departments. Finance leaders Clint Reid, Casey Moore, and Robert Dickson walk us through some of the most common reports that leaders can utilize in operations and strategy.
- Read Finance 101: Reading Financial Reports (5 minutes)
Navigating budgets and finance can be a daily responsibility for managers, which is not always an easy task. Finance experts Casey Moore and Robert Dickson share the importance of and best practices for Management Reporting and how it can help you become a better leader.
- Read Management Reporting: How to Become an Expert in Your Local Finances (5 minutes)
The annual Operating Budget is a structured process that pairs frontline manager expertise with powerful financial forecasting tools to help the organization stay on track. The Central Finance Team’s Casey Moore and Robert Dickson demystify the process to help you navigate budget season.
- Read How the Operating Budget Works (5 minutes)
System leaders Iona Thraen, Jake Van Epps, Ischa Jensen, and Clint Reid provide guidance for frontline leaders to make the hard financial calls a little easier.
- Read How to Make Hard Financial Decisions with Your Team (3 minutes)
In-Patient nursing leaders Trell Inzunza, Shegi Thomas, Kim Meyer, and Stewart Van Cleave share examples of how leaders can be good stewards of finance through individual, team, and organizational practices.
- Read Five Ways to Build Financial Resilience (5 minutes)
System leaders Iona Thraen, Jake Van Epps, Ischa Jensen, and Clint Reid provide guidance for frontline leaders to make the hard financial calls a little easier.
The annual Operating Budget is a structured process that pairs frontline manager expertise with powerful financial forecasting tools to help the organization stay on track. The Central Finance Team’s Casey Moore and Robert Dickson demystify the process to help you navigate budget season.
Understanding financial reports is crucial for leaders making informed decisions for their teams and departments. Finance leaders Clint Reid, Casey Moore, and Robert Dickson walk us through some of the most common reports that leaders can utilize in operations and strategy.