Business Officer - Variations on a Theme of RCM - 0 views
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Oracle Higher Education on 24 May 13The May 2013 edition of Business Officer includes an article highlighting the increase in institutions moving to responsibility center management (RCM). The article highlights several universities using RCM including the University of Florida who abandoned their traditional incremental budgeting in 2011 because it lacked transparency and didn't provide the incentives or resources to grow, change, or shrink programs. The article includes comment based off the interview with Matthew Fajack, vice president and chief financial officer and Sheri Austin, assistant vice president and director of university budgets. Matthew noted the university achieved its goal on the transparency side allowing people to now understand their costs and where revenues come from. Sheri further explained that RCM isn't the culprit in dwindling budgets but rather state appropriations that prompted budget cuts. The article notes that since RCM was implemented, all of the responsibility centers at the university have been able to meet the budget or, come very close.