CFO Exchange: Healthcare Reform Breeds Innovation
Chief financial officers from some of the country's top hospitals and health systems meeting at HealthLeaders Media's third annual CFO Exchange shared the exciting and often frustrating adaptations they're making to accommodate healthcare reform.
For a hospital or health system CFO, there's a lot to fear in today's marketplace. Volumes are down. Governments, employers, and payers are ratcheting back reimbursement. Hospitals and health systems are becoming the focal point for disdain for many patients as more of their healthcare is being paid for out of their own pocket.
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Providers face daunting information technology investments—in some cases reinvestment. They must manage sometimes contentious relationships with clinicians who have to get used to a new, more accountable way to practice medicine. Finally, consolidation threatening their jobs is the cherry on top of an unappetizing sundae.
But where there is great challenge, there is also great opportunity, and as the second and final day of HealthLeaders Media's third annual CFO Exchange wrapped up in Colorado Springs Friday, most of the CFOs in attendance sounded notes of optimism in spite of the challenges they face.
In group discussions, the event's nearly 40 participants shared with each other and HealthLeaders Media's editorial staff the exciting, arduous, and often frustrating adaptations they're making to their business models in the midst of healthcare reform.