Keep Calm and Carry Cash
May 16, 2014 - While meeting with industry executives and customers recently, our conversation reminded me of how much the CFO’s role has changed, and how often healthcare administrators face competing priorities and regulations. Here are the key points they shared with me.
- Remaining an independent organization is the number one priority.
- Cash is king...still! Have cash on reserve for the delayed ICD-10 compliance, but also for emergencies and strategic initiatives.
- Quality is the future of healthcare, as is a shift from the acute environment to lower-cost, outpatient settings.
- Quality drives revenue. Be on top of it!
- Security and risk are the issues that keep executives up at night, with Meaningful Use closely following.
In addition, CFO's expressed their appreciation that MEDITECH is a fiscally responsible vendor. Word is, our free customer service offerings—education sessions, WebEx seminars, forums, and optimization visits—are tremendous “value-added”!
So take advantage of our customer service events to maximize your EHR’s potential for quality and fiscal fitness. And remember, keep calm and always carry cash!
Regards,
Jaye Benson