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International Journal of Innovation and Research in Educational Sciences

Identifying Healthcare CFO Professional Development Attributes

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Year:
2017
Type of Publication:
Article
Keywords:
Healthcare Financial Management, CFO Professional Development, Delphi Method
Authors:
  • Rochester, Charmaine Spence
  • Wilson, Asa B.
  • Berkshire, Steven D.
  • Houlihan, Robert H.
Journal:
IJIRES
Volume:
4
Number:
5
Pages:
609-617
Month:
September
ISSN:
2349-5219
Abstract:
Study explored attributes for CFO development and success in U.S. healthcare. The research question is, “How well are CFO success themes and attributes in the literature aligned with opinions of healthcare finance executives?” A three-round Delphi method was used to capture opinions of healthcare finance executives. Communication and Interpersonal Skills; Experience, Education, and Training; and Leadership Acumen were the top-rated themes. Key attributes within these themes were 1) ability to translate financial information into meaningful metrics, 2) communicating information in a manner that is comprehendible to operations staff, 3) ability to execute, 4) being ethical and of high integrity, and 5) being an effective problem solver. Results are discussed in terms of career development strategies needed for aspiring healthcare CFOs

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