Industry Insights: Financial Challenges for Hospital Chief Financial Officers

Containing and reducing the persistently high health costs is currently the biggest challenge facing U.S. health care providers and other industry stakeholders. Although spending growth slowed during the recession and has remained slower than historical averages, demographic and economic factors that are the root cause of this situation are forecast to remain unchanged for the foreseeable future.
Driven primarily by new mandates and legislation, there exists a wide variety of additional drivers affecting healthcare costs that are difficult to control, requiring aggressive and creative solutions by hospital management.