Robert Turner
About the Author
Robert Turner
Latest Work
How to keep your balance sheet steady in tumultuous times
The balance sheet contributes significantly to cash flow at most not-for-profit (NFP) hospitals and health systems. Yet few organizations have developed a strategy that reflects the balance sheet’s contributions to financial sustainability. Throughout the operational and financial turmoil of the past few years, many health systems have relied on their balance sheet to compensate for…
How the balance sheet can contribute to performance improvement
Significant opportunities for cost savings, enhanced liquidity and improved efficiencies lie within an organization’s debt structure, treasury operations and real estate portfolio. There has always been a connection between performance improvement initiatives and the balance sheet. By reducing operating costs, boosting productivity and enhancing revenues, a successful performance improvement initiative bolsters an organization’s financial performance.…
Robert Turner: Avoiding a bond covenant default takes aggressive action from a health system borrower
Not-for-profit hospitals and health systems have faced an increasingly difficult operating environment since inflation began to grow in mid-2021. Last year was particularly hard, beginning with a new wave of COVID-19 infections caused by the omicron variant, and followed by mounting expenses, staffing shortages, rising interest rates and investment losses. As a result, Kaufman Hall…
Does your organization’s ambulatory real estate footprint need right-sizing?
Decisions made with respect to a health system's ambulatory real estate portfolio and footprint can have significant impacts onthe organization's future growth, financial position and capital platform.
6 strategies to lower current debt costs
Capital Finance: Six strategies to capture savings deserve consideration by finance teams and in-depth analyses based on the organization’s unique capital structure goals and objectives.
An Integrated Approach Can Direct Risk and Resource Allocation
Market volatility requires hospitals to identify contributors to cash flow variability, quantify potential related risks, and identify how the risks might manifest themselves.