What Do Hospital Chief Financial Officers Do?
Wondering what the job is really like for hospital chief financial officers?
You've come to the right place.
Keep reading to find detailed information about what hospital chief financial officers do, including the type of work they are tasked with on a daily basis, industries in which they work, and the specific skills needed for a successful career.
Hospital Chief Financial Officers Overview & Description
Let's get started with the basics about hospital chief financial officers by taking a look at a simple description and popular job titles.
Hospital Chief Financial Officers determine and formulate policies and provide overall direction of companies or private and public sector organizations within guidelines set up by a board of directors or similar governing body. Plan, direct, or coordinate operational activities at the highest level of management with the help of subordinate executives and staff managers.
Popular Job Titles For Hospital Chief Financial Officers
Sample of Reported Job Titles
- Executive Directors
- Chief Operating Officers
- Chief Executive Officers
- Sustainability Managers
- Agency Owners
- Presidents
- City Managers
- Presidents/Chief Executive Officers
- Sustainability Program Managers
- Town Managers
- Franchise Owners
- County Executive Directors
Read on for insight into the industries where the highest concentration of jobs for hospital chief financial officers can be found.
Best Industries for Hospital Chief Financial Officers
Hospital Chief Financial Officers Jobs By Industry
- Local Government, Excluding Education and Hospitals: 7.5%
- Management of Companies and Enterprises: 6.4%
- Education and Hospitals (Local Government): 4.9%
- Computer Systems Design and Related Services: 4.5%
- State Government, Excluding Education and Hospitals: 4.2%
- Management, Scientific, and Technical Consulting Services: 4%
- Other: 68.5%
When it comes to jobs in the United States, the largest single category of hospital chief financial officers can be found working in the Local Government, Excluding Education and Hospitals sector. In 2022, about 7.5% of all jobs for hospital chief financial officers were found there.
Other top industries by percentage include Management of Companies and Enterprises (6.4%), Education and Hospitals (Local Government) (4.9%), Computer Systems Design and Related Services (4.5%), State Government, Excluding Education and Hospitals (4.2%) and Management, Scientific, and Technical Consulting Services (4%).
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What Do Hospital Chief Financial Officers Do on a Daily Basis?
So you have a high-level understanding of what hospital chief financial officers do and the types of industries in which they work - but what do they really do each day?
A great way to understand the type of work hospital chief financial officers do is to examine actual job postings and focus on the specific skills that employers are seeking. That will help paint a clearer picture of the tasks that hospital chief financial officers tackle each day.
Continue reading for a breakdown of specialized skills found in job postings for hospital chief financial officers, as well as common skills - interpersonal qualities and attributes - that can help you thrive in the workplace.
In-Demand Skills for Today's Hospital Chief Financial Officers
Based on 40,180 job postings
Top 5 Specialized Skills for Hospital Chief Financial Officers
| Skills | Postings | % of Total Postings |
|---|---|---|
| Marketing | 7,876 | 20% |
| Project Management | 7,097 | 18% |
| Finance | 6,200 | 15% |
| Accounting | 3,608 | 9% |
| Fundraising | 3,515 | 9% |
Top 5 Common Skills for Hospital Chief Financial Officers
| Skills | Postings | % of Total Postings |
|---|---|---|
| Management | 19,999 | 50% |
| Communications | 19,005 | 47% |
| Leadership | 18,909 | 47% |
| Operations | 16,703 | 42% |
| Planning | 11,843 | 29% |
Based on 40,180 job postings related to hospital chief financial officers, marketing was the top specialized skill sought by employers, with 20% of all postings looking for that skillset. Skills for project management, finance, accounting, fundraising and auditing were also highly sought.
As for common skills, management was the most desired skill found in job postings for hospital chief financial officers, followed by communications, leadership, operations, planning and strategic planning.
| Skill | Postings | % of Total Postings |
|---|---|---|
| Marketing | 7,876 | 20% |
| Project Management | 7,097 | 18% |
| Finance | 6,200 | 15% |
| Accounting | 3,608 | 9% |
| Fundraising | 3,515 | 9% |
| Auditing | 3,423 | 9% |
| Business Development | 2,647 | 7% |
| Public Administration | 2,629 | 7% |
| Financial Management | 2,452 | 6% |
| Data Analysis | 2,266 | 6% |
| Risk Management | 2,069 | 5% |
| Key Performance Indicators (KPIs) | 2,063 | 5% |
| Process Improvement | 1,998 | 5% |
| Financial Statements | 1,997 | 5% |
| Business Strategies | 1,974 | 5% |
| Public Relations | 1,962 | 5% |
| Economics | 1,707 | 4% |
| Change Management | 1,589 | 4% |
| Sales Management | 1,545 | 4% |
| Thought Leadership | 1,529 | 4% |
| Skill | Postings | % of Total Postings |
|---|---|---|
| Management | 19,999 | 50% |
| Communications | 19,005 | 47% |
| Leadership | 18,909 | 47% |
| Operations | 16,703 | 42% |
| Planning | 11,843 | 29% |
| Strategic Planning | 7,544 | 19% |
| Budgeting | 6,567 | 16% |
| Writing | 6,567 | 16% |
| Coordinating | 6,082 | 15% |
| Customer Service | 5,961 | 15% |
| Innovation | 5,904 | 15% |
| Research | 5,849 | 15% |
| Sales | 5,823 | 14% |
| Presentations | 5,801 | 14% |
| Problem Solving | 5,568 | 14% |
| Influencing Skills | 4,822 | 12% |
| Decision Making | 4,730 | 12% |
| Interpersonal Communications | 4,403 | 11% |
| Self-Motivation | 4,387 | 11% |
| Accountability | 4,364 | 11% |
Most In-Demand Jobs for Hospital Chief Financial Officers
Top 5 Posted Job Titles
| Job Title | Postings | % of Total Postings |
|---|---|---|
| Executive Directors | 9,428 | 19% |
| Chief Operating Officers | 9,478 | 19.1% |
| Chief Executive Officers | 7,057 | 14.2% |
| Sustainability Managers | 4,398 | 8.9% |
| Agency Owners | 3,595 | 7.2% |
According to job postings that were published between September 2021 and August 2022, the top job sought by employers was executive directors, with 3,305 unique job postings. Chief operating officers were second, with 2,019 postings, followed by chief executive officers, sustainability managers and agency owners.
Expand the section below to see unique job postings for all occupations related to hospital chief financial officers.
| Job Title | Postings | % of Total Postings |
|---|---|---|
| Executive Directors | 9,428 | 19% |
| Chief Operating Officers | 9,478 | 19.1% |
| Chief Executive Officers | 7,057 | 14.2% |
| Sustainability Managers | 4,398 | 8.9% |
| Agency Owners | 3,595 | 7.2% |
| Presidents | 2,960 | 6% |
| City Managers | 2,658 | 5.4% |
| Presidents/Chief Executive Officers | 2,803 | 5.6% |
| Sustainability Program Managers | 957 | 1.9% |
| Town Managers | 1,052 | 2.1% |
| Franchise Owners | 555 | 1.1% |
| County Executive Directors | 493 | 1% |
| Executive Officers | 541 | 1.1% |
| Assistant Town Managers | 608 | 1.2% |
| Experience Coordinators | 555 | 1.1% |
| Energy and Sustainability Managers | 487 | 1% |
| City Administrators | 457 | 0.9% |
| Executive Territory Managers | 367 | 0.7% |
| Deputy Executive Directors | 530 | 1.1% |
| Directors of the Office | 642 | 1.3% |
Additional Links
Ready to dig deeper into career information for hospital chief financial officers? Visit our other pages focused on salary and education for hospital chief financial officers.
How much do hospital chief financial officers make?
Hospital Chief Financial Officers: How do you become one?
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