1. Effective Budgeting: Develop a comprehensive budget that aligns with the hospital's strategic goals and regularly review and adjust it as needed. 2. Cost Control: Implement cost control measures to manage expenses without compromising patient care quality. 3.Revenue Cycle Management: Optimize the revenue cycle by improving billing processes, reducing claim denials, and ensuring timely payments. 4.Financial Planning and Analysis: Use financial planning and analysis tools to forecast future financial performance and make informed decisions. 5.Debt Management: Manage debt effectively by maintaining a healthy balance between short-term and long-term liabilities. 6.Investment in Technology: Invest in technology to streamline operations, improve patient care, and enhance financial management processes. 7.Compliance: Ensure compliance with healthcare regulations and standards to avoid penalties and maintain financial integrity. 8.Staff Training: Provide ongoing training for staff to improve financial literacy and ensure they understand the hospital's financial policies and procedures. 9.Performance Metrics: Use performance metrics to monitor financial health and identify areas for improvement. 10.Patient-Centered Financial Practices: Implement patient-centered financial practices to improve patient satisfaction and reduce bad debt.