The Challenge for Healthcare Management
Hospitals, mental health institutions, and elderly care organisations rely on budgeting and forecasting to plan and monitor the use of labour, resources, and performance. These elements are essential, providing structure and financial insight. But as the healthcare landscape becomes increasingly dynamic and complex, leaders are seeking ways to introduce more flexibility into their financial planning.
This has led to growing interest in rolling forecasting, a promising methodology that helps organisations continuously extend their financial outlook and strengthen traditional planning approaches. Because of its innate flexibility, rolling forecasting can help organisations remain agile while preserving the stability of budgeting and forecasting.
Getting to Know Rolling Forecasting: A Smarter, More Dynamic Approach
In the rapidly evolving healthcare sector, rolling forecasting is gaining attention as a new way to stay ahead of change. It offers a more flexible, real-time approach to financial planning. Unlike traditional budgets, which set a fixed plan for the next calendar year, or conventional forecasts that only look ahead to the end of the current year, rolling forecasting goes a step further. It aims to continuously extend the planning horizon by 12 to 18 months, combining the discipline of budgeting with the flexibility of forecasting.
This approach can help organisations to:
- Respond more quickly to changes in demand, policy, or resource availability
- Make better decisions based on current insights
- Align departments around a shared financial and operational view
- Build next year’s budget without starting from scratch each time
What We Learned from Practice
At a recent interactive roundtable about this topic in the Netherlands, it became apparent how different organisations are thinking about and experimenting with rolling forecasting. Participants shared their challenges and ambitions, exploring with LOGEX how this methodology can take shape in practice.
Some key insights:
- There is a clear need for integrated financial planning
- Most organisations are still in the early stages of exploring rolling forecasting
- Learning from each other is essential, many institutions are eager to learn from others’ approaches
Ready to Explore Rolling Forecasting?
Although rolling forecasting is still emerging, LOGEX is ready to support forward-thinking healthcare organisations in adopting this approach. With our integrated tooling, data expertise, and strong collaborative mindset, we can help institutions move toward a more agile and resilient financial future and deliver the care patients need with the available resources.
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