In an article on the Healthcare Finance website, Andrew Quirk, senior vice president and national director of Skanska’s Healthcare Center for Excellence, offers four New Year's resolution suggestions for hospital CFOs.
1. Invest. In 2014, hospital CFOs shouldn’t just focus on saving money. They also need to invest it. According to Quirk, hey need to look at investment opportunities at every level of daily operations.
2. Conserve. One of the quickest and simplest ways for hospitals to save money is using less energy.
3. Challenge the status quo. There’s an incredible opportunity for CFOs to wipe the slate clean and start over with the decision-making process, Quirk said in the article. “We should be challenging everything we’ve done in the past.”
4. Take risks. Putting healthcare systems in retail space is also a risk that could lead to serious financial gains.
Read the article.
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