Health systems CFOs are spending more time on cost management and operations and less time on strategy and cash management than they were in 2021, according to a report from the Healthcare Financial Management Association and Eliciting Insights.
"HFMA Health System CFO Pain Points 2024" is based on a survey of 135 health system CFOs conducted in January, according to the report.
Here is the breakdown of how health system CFOs said they are spending their time in 2024 compared to 2021:
2024
- Cost management and operations: 59%
- Strategy: 16%
- Internal and external partnerships: 8%
- Cash management: 8%
- Information technology: 6%
- Other: 3%
2021
- Cost management and operations: 32%
- Strategy: 25%
- Cash management: 19%
- Internal and external partnerships 13%
- Information technology: 7%
- Other: 4%