Financial and Operational Assessment (FOA)

Author: 
National Rural Health Resource Center (The Center),
Stroudwater Associates

The purpose of the Financial and Operational Assessment (FOA) is to evaluate the healthcare organization’s operations at the department level to establish planning priorities and develop action steps to implement best practices that improve efficiency. The services assist leaders in determining opportunities that could position their facilities for the future.

The areas addressed in each FOA consist of:

•    Evaluation of historic/potential demand for clinical services
•    Identification of opportunities to appropriately address clinical service gaps
•    Reimbursement and cash flow
•    Clinic expense analysis
•    Organizational architecture and management principles
•    Strategic direction

The attachments will provide a thorough overview of the FOA consultation as well as the anticipated time commitment. All healthcare organizations will be reassessed in year 3 of the program to document successes and support ongoing performance improvement. 

This project is supported by the Health Resources and Services Administration (HRSA) of the U.S. Department of Health and Human Services (HHS) as part of a financial assistance award totaling $10,000,000 with 100% funded by HRSA/HHS and $0 amount and 0% funded by non-government sources. The contents are those of the author(s) and do not necessarily represent the official views of, nor an endorsement by HRSA/HHS, or the U.S. Government.