This year won't be easy for CFOs, but there are a few ways to set an organization up for success.
Stimulus funds are gone, median revenue growth is still slow, and expenses are continuing to increase due to a reliance on expensive external contract labor and increased wage costs.
Luckily there are many ways hospital and health system CFOs can make sure they are setting their organization up for success, and Brett Tande, CFO of Scripps Health, recently shared four of them with HealthLeaders:
Amanda Norris is the Director of Content for HealthLeaders.
KEY TAKEAWAYS
From reimagining processes to working with payers, there are a few ways CFOs can reduce costs and increase operational efficiency.