Chief Financial Officers—Architects Of Financial Resilience

Financial resilience—the ability to bounce back after facing a crisis—is one of those things that no health and human services organization can do without. It enables organizations to adapt to a changed market, create greater efficiency, and invest in innovation to strengthen their competitive advantage. But none of that is possible without someone taking charge of risk management. By identifying potential financial risks and making sure that the organization is prepared to address them, the chief financial officer (CFO) becomes the architect of financial resilience.

Understanding market risks requires a macro-scan of the external environment and a . . .