The finance-strategy relationship.
The connection between the finance function and strategy in health systems is explored through discussions with chief financial officers (CFOs). The integration of finance into strategy is explored through the use of balanced scorecards, strategic investments and the analysis of core competencies and core enterprises. Divestiture of investments in health plans, physician practices and long-term care facilities is common, while outsourcing activity is increasing.
Smith
D G
DG
Department of Health Management & Policy, School of Public Health, The University of Michigan, Ann Arbor 48109-2029, USA. deans@umich.edu
Wheeler
J R
JR
D019985:Benchmarking; D002201:Capital Expenditures; D005377:Financial Management, Hospital / Q000379:methods*; D006752:Hospital Planning / Q000191:economics*; D006754:Hospital Restructuring / Q000191:economics; D007449:Investments / Q000191:economics; D020416:Outsourced Services / Q000191:economics; D010934:Planning Techniques; D020443:Practice Valuation and Purchase / Q000191:economics; D014481:United States