“Beware of little expenses; a small leak will sink a great ship.” Benjamin Franklin

Financial modelling

Risk models are a substitute for historical knowledge, because they tend to work with just three years' worth of data. But three years is not a long time in financial history. - Niall Ferguson

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Cashflow & accounts payable

“Never take your eyes off the cash flow because it’s the lifeblood of business.” Sir Richard Branson

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Patient level costing

"You seldom improve quality by cutting costs, but you can often cut costs by improving quality." Karl Albrecht

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Feasibility & investments

"Divide each difficulty into as many parts as feasible and necessary to resolve it." - Rene Descartes

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Cash to accruals

"Accounting does not make corporate earnings or balance sheets more volatile. Accounting just increases the transparency of volatility in earnings." Diane Garnick

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Internal audit

"Every deficiency is rooted in the violation of some principle of good management." Larry Sawyer

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“A budget is telling your money where to go instead of wondering where it went.” – Dave Ramsey

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Revenue cycle management (RCM)

"If you can’t measure it, you can’t improve it." Peter Drucker

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Risk management

“The three main objectives of investors are: (1) Capital conservation, or stability of market value of invested principal; (2) Liberal income at a fixed rate; and (3) Capital growth.” T. Rowe Price

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Financial reporting

Only accountants can save the world – through peace, goodwill and reconciliations

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Corporate finance

“You cannot escape the responsibility of tomorrow by evading it today.” Abraham Lincoln

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Don't ever let your business get ahead of the financial side of your business. Accounting, accounting, accounting. Know your numbers.

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