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What Does it Take to Be a Hospital CFO Today?

Management Health Solutions | Sunday 15 April 2012 ( 0 Comment)
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 For many hospital CFOs today, the healthcare financial environment might feel like Wheel of Fortune. Stiff competition requires their organizations to be at the top of their game; there are numerous different components needed to solve their daily puzzles; and if things go awry, "bankruptcy" could be only a spin away.

 

1. Take board meetings seriously

 

2. Stay connected to the community

 

3.  Make capital planning a big priority

 

4. Be diligent in payor negotiations

 

5. Work closely with physicians and clinicians by breaking out of silos

 

6. Be flexible, and support the hospital's overall mission

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