Financial benchmarking is a valuable tool for gauging strategic plan success and offers a point-in-time evaluation of a hospital's financial strength; alternative benchmarks are unique to each organization and can enhance the story. Yet many small hospitals are caught in a gap where little peer comparison information is available on financial performance. The majority of financial performance data are focused on larger health care providers, with little information available for those smaller community health care providers.

Further, traditional benchmarks for judging nonprofit financial and investment performance are grounded in for-profit philosophy. But nonprofit hospitals are designed to operate perpetually, with no exit strategy, so financial goals and measurements must be structured to facilitate this long-term mission.

This Audio Webcast offers peer comparison analysis of community and rural hospital financial ratios. It also reviews financial benchmarks and strategies appropriate for nonprofit organizations. You'll review the pieces of nonprofit success, both qualitative and quantitative, in terms of internal capability, financial stability and external factors. Benchmarking topics include:

- The SHIFT Report financial ratio data
- The good to great concept
- Putting the right people on the bus, and making sure they are in the right seats
- Patient happiness benchmarks