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Analysis

Nearly Half of Healthcare CFOs Expect 2020 Revenues to Grow by 3% YOY

By Jack O'Brien  
   November 19, 2020

Additionally, just over 60% of CFOs view the work from home model as a significant priority for the foreseeable future.

Nearly half of CFOs from the healthcare and life sciences sector expect their 2020 revenues to grow by 3% year-over-year, according to an Everest Group survey supported by WNS released Thursday morning.

Overall, a slight majority of CFOs anticipate revenues will grow by 3%, though finance executives still maintain concerns about market uncertainty going forward.

Related: HFMA Survey: Two-Thirds of Hospital Execs Predict Full Year Revenues Slide 15% Because of Pandemic

In light of the ongoing COVID-19 pandemic, almost half of surveyed CFOs said they are "not very confident" committing to investments over the next six to 12 months.

The top four concerns for CFOs are lower demand from consumers, issues with working capital and liquidity, supply chain continuity, as well as cost-base and pricing pressures.

Additionally, just over 60% of CFOs view the work from home model as a significant priority for the foreseeable future.

Jack O'Brien is the finance editor at HealthLeaders, a Simplify Compliance brand.


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