Here are five articles published on Becker's Hospital Review this past week that offer interesting insight on how the CFO role is changing, healthcare costs and finance team leadership.
1. 5 hospital CFOs share best practices for running a finance team
Financial leaders from hospitals and health systems across the nation shared best practices for running a finance team.
2. New data shows experts were wrong about where healthcare costs less
Researchers analyzed the real prices hospitals negotiate with private insurers and found places that spend less on Medicare do not necessarily spend less on healthcare overall.
3. The essential skills of a health system CFO: 3 finance chiefs weigh in
The role of health system finance chief has evolved and requires a different skill set than in the past. Becker's Hospital Review had the opportunity to catch up with three financial leaders from hospitals and health systems who weighed in on the essential skills a health system CFO needs to be successful in today's healthcare market.
4. Researchers use hospital prices to show need to 'combat market power'
Hospitals that face fewer competitors have considerably higher prices, according to a new study from researchers at Carnegie Mellon University, Yale University, University of Pennsylvania and the London School of Economics.
5. 5 latest CFO moves in hospitals, health systems
New CFOs were recently appointed at five hospitals and health systems, including San Francisco-based Dignity Health and NYC Health + Hospitals.
More articles on healthcare finance:
UMass Memorial posts strong financials, expects higher EHR costs next year
5 hospital CFOs in the headlines
OIG: Nebraska hospital received $111k in Medicare overpayments