Pros
In a good position to drive down unit cost and utilization due to strong market share. Show good management judgement by filling the Chief Financial Officer role with an experienced managed care executive. One wonders why the CEO is reluctant to hire a string experienced executive.
Cons
The person currently filling the CFO role can run reports but cannot steer a large managed care company through challenging business environment. They are setting her up to fail. Mgt Choosing Easy Path Trying To Have Internal Candidate Step Up to a CFO Role - She has No CFO experience. Will End Badly - MediCal in Turmoil. It's Vital to have Experienced CFO to Navigate the Coming Issues but Mgt Too Lazy to Hire Experienced CFO. They Will Wait for a Full Scale Financial Crisis to Force Their Hand in Hiring an Experience CFO. By Then It May Be Too Late. Where is the Board? There has been an "active CFO search" for almost a year and Mgt hasn't interviewed outside candidates? Typical lack of proactivity and strategic planning. This company is purely reactionary. Do nothing while the crisis approaches, take action after the crisis causes damage. Where is the Board oversight? How about holding the CEO accountable for at least hiring an experienced managed care CFO?
