What is the primary function of a chief financial officer (CFO) in a healthcare organization?

The primary function of a chief financial officer (CFO) in a healthcare organization is to oversee the financial operations, budgeting, and financial planning. The CFO plays a crucial role in ensuring the organization remains financially viable by managing the allocation of resources, analyzing financial data, and making informed decisions that impact the overall financial health of the organization. This includes developing financial strategies, managing cash flow, and ensuring compliance with financial regulations.

In a healthcare setting, where financial resources can be limited and the environment is constantly changing due to regulations and market conditions, the role of the CFO becomes even more critical. They collaborate with other executives to align financial objectives with the organization’s mission, ensuring that adequate funding is available for patient care and organizational development.

Other functions mentioned in the options are important within healthcare organizations but do not align with the central responsibilities of a CFO. For instance, managing human resources focuses on workforce staffing and development, while developing patient care protocols pertains to clinical outcomes and quality of care. Coordinating marketing and public relations efforts is crucial for organizational visibility and community outreach but is distinctly separate from the financial oversight responsibilities that are the hallmark of a CFO's role. Thus, option B accurately reflects the primary function of a CFO in a healthcare organization.