Continued meaningful use expenses for EHR, HIE, analytics, portals and mobile apps are hitting today's hospitals hard as changes in payment models based on patient compliance, pricing transparency, and population health demand even more capital. For chief financial officiers (CFOs) working at hospitals that are struggling financially, the outlook looks increasingly bleak.
According to a recent Black Book report, 94 percent of hospital CFOs self-identified as “struggling”, reported that delayed
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Report: 61% of Struggling Hospital CFOs Expect to Be Fired by 2016
61 percent of hospital chief financial officers (CFOs) and business managers in "struggling" hospitals expect to be fired by 2016 due to outdated revenue cycle management solutions, according to a recent Black Book report. The report reveals hospital CFOs could potentially lose their jobs because their outdated revenue cycle management software, staff, and solutions were powerlessly stuck in fee for service mode too long. CFOs self identified as "struggling financially" believe they must
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