The Real Economy Blog

Rick Kes, Senior Manager, Health Care Senior Analyst

@HealthCare_CPA

Rick has over a decade of experience providing audit and consultative services predominately to organizations in the health care industry. He has served a wide variety services for organizations ranging from large organizations with more than $12 billion in annual revenue to small, standalone entities with less than $1 million in annual revenue. Rick has served clients across the health care continuum including integrated health systems, physician groups, safety-net hospitals, health insurance clients, and other various health care related entities. Rick has experience in governmental, not for profit, and statutory accounting standards.

Rick has played a role on several due diligence engagements as a dedicated health care professional resource. In 2018, he was selected as a senior analyst in RSM’s cutting edge Industry Eminence Program, which positions its senior analysts to understand, forecast and communicate economic, business and technology trends shaping the industries RSM serves. These senior analysts advise clients on conditions impacting middle market leaders.

How health systems can manage the financial impact of the coronavirus

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The effects of the coronavirus on health systems will be far-reaching and long-lasting. Beyond the impact on front-line staff and the disruption of having many employees work remotely, health systems are also seeing a cloud loom when it comes to their finances. To seek relief from these headwinds, the chief executives of the American Hospital Association, ... READ MORE >

Insurance industry girds for major impact from coronavirus

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The coronavirus pandemic has turned everyday life upside down for nearly every American. Many schools have closed and in certain areas residents have been ordered to stay in their homes. As its impact is felt across the economy, the insurance industry will not be spared. Some of the effects will be felt across the industry, and some will hit individual ... READ MORE >

Can hotels become hospitals? Thinking creatively about how to put empty space to work

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Hotel companies in the United States are imploring Washington for relief amid the escalating cancellations because of the coronavirus pandemic. Industry leaders face seemingly impossible decisions as revenues have all but disappeared while significant fixed expenses remain. Chief executives from the largest hospitality companies – including Marriott ... READ MORE >

Coronavirus concerns for rural health care

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As the coronavirus has continued to spread throughout the United States, its impact has been felt mostly in populated areas like Seattle, New York and Boston. At the same time, states with a more rural demographic -- like Idaho, Alabama and West Virginia – have been spared, with the Centers for Disease Control and Prevention listing no reported cases through ... READ MORE >

Private equity’s role in health care gains interest in Congress

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A bill is working its way through Congress that could have an impact on health care providers, particularly those owned by private equity firms. On Wednesday, the House Ways and Means Committee has scheduled a markup of new legislation that would require public disclosure of a range of information surrounding certain health care companies. This ... READ MORE >

As coronavirus spreads, so do risks to the global supply chain

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As the potential for the coronavirus to become a pandemic looms, the outbreak is starting to affect the supply chains of critical industries across the globe. Since the first confirmed case in Wuhan, the virus has spread to manufacturing hubs including Shanghai, Zhejiang, Jiangsu, Guangdong and Chongqing, according to data released by Chinese ... READ MORE >

Is health care recession-proof?

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Health care has long been viewed as a defensive sector compared to the broader market when a potential economic downturn is looming. There were sound reasons for this -- many health care services had relatively inelastic demand and they were insulated from the effects of any global trade tensions. Today, the health care landscape has changed. Our view is ... READ MORE >

Scrutiny on private equity investment in health care increases

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As private equity groups continue to invest in the health care industry, their business practices are falling under increasing scrutiny from lawmakers, researchers and the news media. In 2018, for example, three Yale University researchers released a report that examined how out-of-network billing for emerge­ncy care in­ the United States can lead to ... READ MORE >