Healthcare CFOs sit in a rather unique situation right now.
Their partnerships with each member of the C-Suite vary: strategic planning with the CEO
and COO, information and data analysis with the CIO, clinical integration and cost of care
observations with the CMO and CNO. Each relationship has evolved during the past several
years as healthcare leaders attempt to figure out the best ways to reduce the overall cost of care
while remaining a viable, profitable entity.
But how do CFOs view healthcare right now? Are there certain challenges that stick out more
than others?
From November 2013 through February 2014, Becker's Hospital Review contacted numerous
hospital and health system CFOs to answer those questions, namely through a survey about
the general state of healthcare finance. What follows is an analysis of the exclusive survey re-
sults.
Note: Fifty-two hospital and health system CFOs participated in the survey. About 31 percent
of respondents are CFOs of small hospitals and critical access hospitals. A third serve at mid-
sized community hospitals with 101 to 300 beds. The remaining 36 percent are CFOs of large
community hospitals, teaching hospitals or multihospital health systems.
The State of
Healthcare Finance:
9 Major Survey Findings
From Hospital CFOs
By Bob Herman
34
Financial Management
