Budgeting

He most recently served as vice president of financial operations for Scottsdale Lincoln Health Network's Arizona Market.

And why it's imperative that hospitals know about them.

Lessing comes to the hospital from Louisiana where he most recently served as the CFO of the 223-bed St. Tammany Parish Hospital.

Experts say providers should look outside the organization to help free up resources for performance improvement.

Chattanooga, Tennessee-based Erlanger Health System on Tuesday said it earned a record $12.7 million profit in its fiscal second quarter, its highest in 30 years and its first profit after posting consecutive losses in the past three years.

Hartford, Connecticut-based Saint Francis Care has promoted David Bittner to chief financial officer, less than one year after naming him senior vice president of finance.

The expansion of insurance coverage to some 10 million individuals in 2014 has implications for the growth rate in national health expenditures and on health workforce requirements. While there is broad agreement that spending and utilization will be pushed upward, there is much debate about the amounts.

Brad Sinclair has been named chief financial officer for the University of Mississippi Medical Center’s University Hospitals and Health System in Jackson, Mississippi.

The timeworn image of the number-crunching hospital CFO, toiling behind the scenes, has transformed over the past several years into that of a key management figure, deeply entrenched in daily operations and strategic planning.

Consumerism in healthcare is changing the industry, as patients are paying far closer attention to the costs of medical care than in the past. This change will likely shape the top 10 issues faced by providers in 2015, claims a new report by the PwC Health Research Institute.