This article relates to the diverse roles and challenges faced by the CFOs in the current healthcare industry which is in continous evolvement. The article throws light on the various concerns about ROI and how to cut costs.

1. What are the diverse and
challenging roles CFOs need to
play?

2. Diverse and challenging roles CFOs
• The continuous changes evolving in the financial
model of a healthcare industry has forced the CFOs
to change their strategy to bring up a model they
have never come up with.

3. EHR implementation another
concern for CFOs as ROI is minimal:
• Healthcare industries are still struggling with
EHR implementation.
• The first task prior to EHR installation should
be to analyse the workflow.
• Columbus Regional Hospital, Columbus
CFO Marlene Weather wax says the return
on investment on their EHR has been
minimal.

4. Relying heavily on EHRs may be a
trouble for CFOs in the long run:
• Physicians fail to use the templates other than the
procedures they follow, results in inappropriate details.
• Incomplete documentation results in coding errors.
Cont…

5. • Doctors depend solely on EHRs for documentation; any
coding mistake leads to claim denials which hit the
hospitals revenue.
• A certified coder has skills to use appropriate code which
cuts down the chances of claim denials increasing
revenue.

6. Can EHR interoperability help CFOs
to cut costs?
• The current trend of technology is interoperability
of EHRs.
• Which ensures secure access and share of
medical records.
• Thus interoperability of EHRs improves
communication.
Cont…

7. • Cuts down the extra work of staff in getting lab reports
etc., as all the information can be accessed from
anywhere and anytime.
• This cuts the costs of extra workload.

8. Thank You…!!!
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