4 CFOs' keys to improved operating performance

4 CFOs' keys to improved operating performance 
Becker's Hospital CFO Report; by Andrew Cass; 6/13/24
Altru, Memorial Health, Penn State Health and Sharp HealthCare are among the systems that reported improved year over year operating performance in their most recent financial reports.  Becker's asked the CFOs of the four health systems to share one key to their boosted operating performance: ...

• Altru ... CFO Derek Goebel said a key to the system's operational improvement has been an aligned executive leadership team that is focused on improving the culture of the organization. ...
• Memorial Health ... Memorial's Senior Vice President and CFO Katie Keim said that over the past year the system made a strategic decision to focus on the "core functions of our mission and to cease programs that were nonessential." ...
• Penn State Health ... Executive Vice President and CFO Paula Tinch said the system has boosted operational performance by transitioning from a period of substantial facility growth into "one of optimizing our expanded academic health system by strategically utilizing our new assets and implementing better strategic processes." ...
• Sharp HealthCare ... Sharp's Executive Vice President and CFO Susan Green said the health system is "relentlessly focused" on improving margins that have eroded post the COVID-19 pandemic.