Boosting women's health outcomes also shows promising financial outcomes.
Women often suffer worse health outcomes than men, and it can be costly to the health system, patients, and even the economy…but CFOs can step up.
Generally, women are 20% to 30% more likely to be misdiagnosed than men, resulting in more readmission and higher utilization for a health system.
There are also economic consequences. A report by McKinsey found that in 2020, for example, only 1% of healthcare research and innovation was invested in female-specific conditions beyond oncology. But according to that same report, every $1 invested in women’s health would return around $3 in economic growth.
CFOs can take the reins on women’s healthcare by educating staff, investing in tools and programs and creating initiatives to better health outcomes for women patients, which could, in turn, also have positive financial effects for a health system.
Be sure to check out the accompanying article here.
Marie DeFreitas is the CFO editor for HealthLeaders.