The New Role Of The CFO In Behavioral Health And Social Services: Evolving Financial Management Role Driven By Changes In External Environment

OPEN MINDS, The Behavioral Health & Social Service Industry Analyst

Industry Analysis

Changes in the external environment of the behavioral health and social service field have changed the role of the chief financial officer (CFO). Due to a series of recent public policy decisions, the field has moved from a "cost plus" environment with limited competition, to one with increasing competition for revenues and the shifting of entitlements through capitation and global budgets. This shift in market model, used to fund behavioral health and social services, has created the need for . . .