61% Of CFOs At Struggling Hospitals Expect To Be Fired In The Next 2 Years

Sixty-one percent of CFOs that self-identified their hospitals as struggling foresee being fired by 2016 because their revenue cycle management, staff and solutions were stuck in fee-for-service mode too long, according to recent Black Book survey results.

The CFOs at struggling hospitals identified health IT as the primary reason for their revenue cycle management issues, with 40 percent of CFOs saying they were forced to postpone revenue cycle software transformations due to a misjudged EHR, and health information exchange and portal expenses. In addition, 94 percent of struggling hospital CFOs said failed health IT implementations have significantly impacted their organizations financial position...