Critical Roles for the CFO in Times of Economic Crisis: Four Key Initiatives to Steer Your Organization Through Rocky Times

OPEN MINDS The Behavioral Health & Social Service Industry Analyst

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The news is full of stories that reflect the impact of the current economic turbulence on health and human service organizations—waiting lists for county services across the country; termination of cost-based reimbursement for services; program closures; staff reductions. These are trying times for executive teams. Managing in a crisis demands a three-prong organizational strategy—rigorous cash and cost management; identification of new market opportunities in the time of crisis, and preparation for emerging market models . . .