4 CFOs discuss their 2019 goals

Finance chiefs from hospitals and health systems have shared the following 2019 goals with Becker's Hospital Review:

1. Steven Mohr, senior vice president and CFO of Pasadena, Calif.-based Huntington Hospital: "Being new to Huntington Hospital, my goal has been to understand the organization and dive into strategy and development by integrating financial strategy within organizational goals."

2. Don Halliwill, CFO of Roanoke, Va.-based Carilion Clinic: "I'm an accountant by education, and of course in financial services we hire a lot of people with finance and accounting backgrounds. But like many other health systems, we're wondering if we need to also hire mathematicians, computer scientists, engineers; our work is changing rapidly, and our talent and structure must also evolve."

3. Jim McManus, CFO of Greenbrae, Calif.-based Marin General Hospital: "My primary focus is the execution of a transformation program with our organization to improve the performance of our service lines and overall cost structure. We have brought together an array of people from the clinical, physician, financial and information technology areas to assess how our healthcare system is currently performing and what opportunities we have to improve."

4. Jeff Crudele, CFO of Pittsburgh-based Allegheny Health Network: "This year will be the largest capital spend since the formation of AHN. Our current plan is to spend around $450 million this year in capital expenditures. Much of that results from a highly synchronized planning approach between payer and provider. This approach allows us to make investments in assets and locations that are complementary to what Highmark needs for its [insurance plan] members and also provide value to AHN in our strategic approach to the market in general."

 

More articles on healthcare finance: 

How a rural Alabama town helped save its hospital
5 tips from hospital CFOs
Cost-cutting trails revenue growth as 2019 priority, hospital CEOs say

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months