Higher education institutions struggle to find the right balance between budgetary autonomy for academic units and senior leadership's wishes for a more efficient use of resources. While RCM or fully-decentralized budgeting is not a viable option for most institutions, nearly all institutions can benefit from leveraging some decentralized elements within their budget model. These strategies can provide universities with higher strategic reserves, greater opportunities for enrollment growth, and a more comprehensive planning and projection framework.
Kennedy & Company is pleased to share "How RCM Fails...and How It Can Still be Used", a research and perspective paper outlining the best practices for the use of specific, decentralized components of budget models. All institutions, regardless of their current budgeting strategy, likely can find some benefits from the decentralized management of budgets. This white paper will help you understand how your institution can best leverage such strategies as instructional delivery cost modeling, differential tuition structures, space charge models, incentives for enrollment growth, and enrollment forecasting. All of these components can be woven into a base budgeting framework or enhanced under RCM structures.
To get a copy of the white paper, please fill out this form and the white paper will be emailed to you. Please reach out to Devon McGee (dmcgee@kennedyandcompany.com) with any questions or thoughts.
