On June 30, the financial results from health care providers with publicly traded bonds will be measured, providing a window into their financial condition and whether the providers that took on debt to fuel their growth will be able to meet their bond covenants. … READ MORE >
New relief is approved for hospitals, but challenges remain
Over the past few weeks, we have been reaching out to our clients as well as hosting several virtual CFO Forums. Through those interactions, our clients in the health care sector have been painting a grim picture of the financial effects of the coronavirus. … READ MORE >
Some hospitals could be left out as second round of Provider Relief Fund is distributed
Not all hospitals benefited equally when the initial $30 billion of the Provider Relief Fund was distributed. Now, with the second round of funding set to go out, some health care providers – especially hospitals organized as governmental entities — could again be left out. … READ MORE >
How health care systems, dependent on outsourcing, can adjust to India’s stay-at-home order
Over the past several years, many health care providers and payers have outsourced business functions to India. But there was a risk that many could not have predicted: That a pandemic would force employees to work from home. … READ MORE >
How health systems can manage the financial impact of the coronavirus
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 … … READ MORE >
Insurance industry girds for major impact from coronavirus
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. … READ MORE >
Can hotels become hospitals? Thinking creatively about how to put empty space to work
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. … READ MORE >
Coronavirus concerns for rural health care
The coronavirus has largely affected more populated areas in the United States, but if the outbreak spreads to rural areas, hospitals will be put to the test to handle the health crisis. … READ MORE >
Coronavirus spurs service disruption for health care providers, extending human toll
The coronavirus (COVID-19) has dominated the news since the outbreak began in China early this year. As the situation evolves, health care companies and organizations should monitor four important risk areas: supply chain, patient demand, workforce supply and Treasury. … READ MORE >
Private equity’s role in health care gains interest in Congress
A bill is working its way through Congress that could have an impact on health care providers, particularly those owned by private equity firms. … READ MORE >