With the U.S. healthcare system on the threshold of change, healthcare CFOs face daunting challenges, and their insights on the state of the industry are revealed in a new report released June 24 by Ernst & Young LLP: Healthcare Change: Reform or Transformation? A CFO Perspective. The report provides a picture of an industry in financial distress through the eyes of healthcare financial executives.
“As resource pressures mount and regulatory oversight intensifies, CFOs can expect their financial management skills and their policy management expertise to be sharply tested,” said Rick Wallace, managing partner for Ernst & Young’s Health Advisory Services practice. “Leading CFOs now must embrace their role as change agents, analyzing risks and strategies to help guide their companies through a difficult transition, which is nothing short of an industry overhaul.”
The report is based on discussions in two forums with 23 CFOs from U.S. healthcare systems earlier this year. The forum participants concurred on critical issues likely to reshape the industry in years to come, including paying for health care, access to capital, physician relationships, and transparency and community benefit. Download the report.
