How will healthcare finance executives lead in the future? That’s the central question behind this first article in a new series, “Healthcare 2030.” As a longtime partner with HFMA, Bank of America is proud to be a sponsor of this forward-looking thought leadership, which reflects the expertise and views of leaders across the healthcare industry.
CFOs in all types of hospitals and health systems are increasingly turning their attention to identifying and pursuing strategic opportunities. Respondents to HFMA’s recent “CFO of the Future” survey said they will spend nearly a quarter of their time on strategy in the next three years.
Leadership will be the most critical competency for success in the next three years, according to 59% of survey respondents. To that end, the pace of change and need to drive innovative solutions have only accelerated since the COVID-19 pandemic began. Increasing automation and productivity are cited as key ways to help coworkers work at the top of their abilities, while allowing more time for strategic financial planning.