Guest post by Tom Quinn, a senior partner with the executive search firm Witt/Kieffer. In part two of a two-part series, Quinn explains how enterprising CFOs at all levels--site, divisional and system--can grow along with their organizations.
Healthcare systems in the U.S. are centralizing their financial operations as industry consolidation continues. Understandably, this disruption is prompting some unease among chief financial officers and a very good question:
It is hard to imagine any administrative role in healthcare changing more over the past few years than that of the chief financial officer. Industry consolidation, to a great degree, is driving a change toward centralized operations.