Rural health system CFOs must employ strict strategies for financial profitability to stay operational.
Rural hospitals have seen a pattern of closures over the last decade, with 192 rural hospitals closing since 2005, and CFOs of these organizations will need to be diligent and creative with their financial strategies. To ultimately resolve this ongoing challenge, calls will need to be heard for federal assistance and regulatory reform. Until then, CFOs must strategize more aggressively than urban health systems to avoid financial issues.
Check out these four strategies that could help your rural health system.
Also be sure to read the accompanying article!
Marie DeFreitas is the CFO editor for HealthLeaders.