Six out of 10 healthcare chief financial officers say their company's fiscal health has improved in the last few years, according to a survey released by General Electric Co. By comparison, 24% say conditions are worse, and 13% report no change. In addition, some 77% of CFOs rated the financial state of their companies as good, very good or excellent.
Reimbursement and cash flow were reported as the greatest challenges. The survey, conducted by International Communications Research in Media, Pa., polled 500 healthcare CFOs nationwide in August. Sixty percent of respondents worked for hospitals, 10% were from home health facilities, and 10% worked at outpatient clinics, with the remainder from a variety of other organizations. The survey was sponsored by GE and its healthcare financial service group, based in Stamford, Conn. Results are available at www.gecfo.com -- by Mary Chris Jaklevic