Business & Finance
Business and Finance
Business and Finance
Wed, November 27, 2024
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Tue, November 26, 2024
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OhioHealth CFO shares 3 strategies for financial success
- Learn how OhioHealth CFO Michael Browning's strategic approach to finance has led to growth and operational excellence at the health system.
The article from Becker's Hospital Review features OhioHealth CFO Michael Howard discussing three key strategies for financial success in healthcare. Firstly, Howard emphasizes the importance of strategic growth by focusing on expanding services that meet community needs, such as ambulatory care, while also ensuring that growth is financially sustainable. Secondly, he highlights operational efficiency, which involves optimizing existing resources, reducing waste, and improving processes to lower costs without compromising care quality. This includes leveraging technology for automation and better data analytics. Lastly, Howard talks about investing in people, stressing the need to develop and retain talent, foster a culture of innovation, and ensure staff are engaged and supported, as human capital is crucial for long-term success. These strategies are aimed at navigating the financial challenges in healthcare while maintaining high-quality patient care.
Read the Full Becker's Hospital Review Article at [ https://www.beckershospitalreview.com/finance/ohiohealth-cfo-shares-3-strategies-for-financial-success.html ]
Read the Full Becker's Hospital Review Article at [ https://www.beckershospitalreview.com/finance/ohiohealth-cfo-shares-3-strategies-for-financial-success.html ]
