The CFO is responsible for all the functions related to the financial operations of a hospital. These responsibilities include the accounting, insurance, financial systems, and auditing of all medical departments. The CFO will gather and analyze all the financial data and information to make sure the hospital is operating within budget and to determine how to allocate funds to various areas. The CFO will create detailed reports of their findings and must explain to department heads and boards of directors why these financial decisions are being made.
Additionally, the CFO: