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 ... READ MORE >
Health care
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, ... 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 ... 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 ... 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 ... 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 ... 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 ... 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 ... 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 ... READ MORE >
Life sciences industry growth was on a strong trajectory. Then the coronavirus pandemic hit.
Strong consumer spending, historically low unemployment and an easing of trade tensions with China initially fueled optimism early in the year for a 2020 bull market. But as the coronavirus pandemic has upended the global economy, uncertainty and disruption have replaced that once sunny outlook, and the ... READ MORE >