Running a large health system is not for the faint of heart.
Chief financial officers work behind the scenes, mitigating potential financial disasters, managing investment portfolios, budgeting for new care sites and ensuring the system can pay its bills with, ideally, a little left over.
Those skills have been particularly vital as the industry continues to weather the aftermath of the COVID-19 pandemic. Health system CFOs are still facing high labor costs, reimbursement pressures and demand from an aging population.
Modern Healthcare asked six CFOs how they are prioritizing their challenges and adjusting their strategies. Their responses have been edited for length and clarity.