In many organizations, HR departments are often solely responsible for making decisions around employee healthcare, with CFOs and other leaders coming onboard for final approvals. However, key player involvement – especially from the CFO – early in the process can be a game-changer when it comes to creating a more effective and well-rounded healthcare program for staff.
Understanding the roles each department in an organization plays when it comes to employee healthcare can open the door for conversations that allow everyone’s priorities to be considered. The CEO will likely look at the impact on administration and operations, while HR is most concerned with how employees will be impacted and the CFO will focus on cost, savings, and risk versus reward. All will come to the table with differing objectives, so finding a common ground will help establish a balanced place to begin working from.
Is your CFO involved in employee healthcare purchasing? Download our
CFO best practices guide to review best practices for the role of the
Chief Financial Officer in nonprofit employee healthcare purchasing:
