Bye Bye to budgets

Budgets are obsolete the day after they are created. Budgets are poor predictors and guides for performance. At ThedaCare budgets never perfectly predicted actual performance. Prediction accuracy varied from 2% to 169%. If this is such a flawed practice why does anyone still use a budget?

Read the following to understand what ThedaCare has learned.

http://www.healthleadersmedia.com/page-1/FIN-278180/ByeBye-to-Annual-Budgeting