Financial Sustainability

COVID-19 Hospital & Health System Survey: The Impact of the Pandemic on Provider Revenues, Elective Procedure Volumes, Telehealth Use, and Working Arrangements

The results of a May 2020 HFMA study about the impacts of COVID-19 and the challenges it has caused in terms of revenue, volume, care delivery, and business operations.

HFMA May 26, 2020

How to plan for and profitably operate telehealth services

The COVID-19 pandemic has opened new opportunities for health systems to expand their use of telehealth services. Implemented properly with careful planning, telehealth can be a strong revenue source going forward.

Lucy Zielinski May 21, 2020

Rolling forecasting will help get hospitals through the COVID-19 crisis

The upheaval hospitals and health systems are experiencing as a result of the COVID-19 pandemic has made traditional annual budgeting processes inadequate. Organizations should consider adopting instead a budgeting process based on rolling forecasting.

Kate Guelich May 15, 2020

Guest commentary: COVID-19 allows no time for hesitation among healthcare finance professionals

Kaufman Hall's managing director and chair, Ken Kaufman, says leaders of healthcare provider organizations must act now with speed and sophistication to develop the financial foundation for an effective COVID-19 recovery.

Kenneth Kaufman May 14, 2020

Top long-range challenges for healthcare organizations in the aftermath of COVID-19

An industry expert explains why the long-term challenges healthcare organizations will face in the aftermath of the COVID-19 crisis will vary considerably, depending on each organization’s circumstances.

Deborah Filipek May 14, 2020

6 major long-term implications for the nation’s healthcare system post-COVID-19

The COVID-19 pandemic’s impact on the nation has historical implications. Among the various national responses, we likely will see investments in strengthening hospitals’ abilities to deploy temporary facilities, draw upon backup staffing and build stockpiles of key items.

Ken Perez May 11, 2020

The coronavirus launches providers into new world of virtual healthcare

The new focus on virtual healthcare in the post-COVID-19 world will bring about an unprecedented industry transformation.

William T. Eggbeer, MBA May 11, 2020

Cost of COVID-19 cases likely to eclipse relief measures

Hospitals and health systems need to develop a well-informed plan of action to deal the the short-term and long-term financial impacts of COVID-19.

Eric C. Reese, PhD April 29, 2020

4 steps to help healthcare organizations plan for operating in a post-COVID-19 environment

To survive the current COVID-19 crisis and to thrive in the uncertain future that follows, healthcare organizations must take steps to prepare for and meet the full range of risks presented by the pandemic.

Jason Sussman April 20, 2020

Hospitals need engaged physicians to manage supply preferences

Gainsharing and co-management are two strategies hospitals and health systems can employ to effectively engage physicians in organizational efforts to manage costs of physician preference items.

Anthony Long, MBA, FACHE, FACCA April 16, 2020
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