Getting the budget model right remains a top priority for many colleges and universities. It is one of the most impactful ways to align decision-making around financial goals. But one size does not fit all.
There was a switch to RCM. By 2015, 25% of campuses identified as using an RCM-type model. A handful of institutions have since abandoned RCM to either water down their models and get rid of RCM altogether. Today, most schools are looking for something between incremental and RCM.
This allows colleges and universities to create financial accountability with revenue and and cost incentives. Watch our 2-minute video to learn how to create a budget model that best fits the financial needs and strategic goals of your institution.
This resource is part of the Build a New Budget Model that Advances Your Institution’s Strategic Goals Roadmap. Access the Roadmap for stepwise guidance with additional tools and research.