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The healthcare industry is undergoing exceptional change and that’s without the added pressure of a global pandemic. While the world attempts to come to terms with a new normal, healthcare organisations are on the front lines of this crisis. And for an industry that has always been about helping others, maybe this information can provide you with some help.
We’ve spoken to healthcare organisations about their approach to managing their financials during this unprecedented time. Their best advice? Focus on what you can control. You have a wealth of knowledge and data at your fingertips—you just need to figure out how to harness it so that you can make changes on the fly and stay nimble.
In good times and bad, healthcare CFOs and CEOs need better visibility into both financial and operational metrics to allow for more data-driven decisions. Research shows that healthcare CFOs would like to move away from being a financial “Score Keeper” and assume a more strategic partnership in organisational intelligence and planning.