A recent court ruling has given the Trump administration a major victory in its push for transparency in health care pricing, and has left many health care providers scrambling to meet new requirements. While the burdens of meeting the requirements are high, in the end they represent an opportunity for health care providers to separate themselves from the ... READ MORE >
Health Care
From hospital systems to home care providers, the health care sector is replete with middle market companies. The health needs of an aging population assure that this industry will continue to grow in coming years.
After suffering losses, health care providers could face a reckoning on debt covenants
Few industries have felt as big an impact from the coronavirus pandemic as health care providers – not only from the risks taken on by front-line medical workers but also because of the significant disruption of their operations. On June 30, there will be a reckoning of sorts. That’s when the quarterly financial results from many health care providers ... READ MORE >
Trump administration identifies 5 companies for government support in vaccine effort
Drug developers, academic institutions and government agencies across the globe are investigating more than 100 potential vaccines for the coronavirus. The Trump administration on Wednesday identified a handful of organizations that it believes are the most likely to produce a viable vaccine candidate, The New York Times reported. This is the latest step in ... READ MORE >
Testing, testing, testing: Preparing for the reopening of the economy
The United States is on target for 50,000 deaths from the coronavirus by the end of this week as the number of infections are set to surpass 1 million in the coming weeks. It’s a sobering reminder that, despite the decline in newly reported cases, Americans remain at risk. At the same time, with 26.5 million people losing their jobs over the past five ... 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. As patients infected with the virus have flooded into hospitals, health care providers have ... READ MORE >
Some hospitals could be left out as second round of Provider Relief Fund is distributed
The $2.2 trillion CARES Act was passed to provide a range of financial assistance to Americans and businesses struggling with the economic fallout from the coronavirus. Included in this package was the $100 billion Provider Relief Fund to help America’s ailing health care sector. But not all hospitals benefited equally when the initial $30 billion of ... READ MORE >
Wearables and the fight against COVID-19
As COVID-19 continues to spread around the world, research organizations are trying to leverage wearable technology and crowd-source data to aid in the fight against the global pandemic. But many are wondering if giving up on user privacy for the greater good comes with a price. Tracking COVID-19 Current data indicates that the use of wearables has tripled ... READ MORE >
Amid disruption in health care, private equity is poised to put its cash to work
As the human and economic toll of the coronavirus pandemic has mounted, companies across industries have fallen into distress, including in the health care sector. As they look for a lifeline, private equity firms are in position to put some of their significant cash on hand to work. Many of these deals will be found in private capital markets. But the ... READ MORE >
Cybersecurity, amid coronavirus, remains a top risk in health care
Cybersecurity remains a top risk within the health care industry as attackers are weaponizing COVID-19 and breaches continue to increase during the first quarter of 2020. In 2019, there were more than 500 reported breaches to the Office of Inspector General. Of the 500 breaches reported, the protected health information of 41 million individuals was ... READ MORE >
Coronavirus pandemic highlights importance of life sciences industry
While the coronavirus pandemic has slowed growth in the life sciences sector this year, it has also highlighted the importance of the biotech and pharmaceutical industries as the whole world battles the COVID-19 disease and its impacts. This industry focus could have a lasting impact in shifting consumer and policymaker perspectives about these sectors in a ... READ MORE >