Hospitals require a 3-pronged response to potential covenant violations
Reworking cost structure and enhancing revenue performance are foundational parts of a holistic solution for most healthcare organizations facing balance sheet challenges and covenant violations as a result of the COVID-19 crisis.
Why now is the time to revisit your strategic facility investment plan
After undertaking dramatic changes in operations to address the COVID-10 pandemic, U.S. hospitals and health systems need to begin planning for the restart of normal operations over the next few months as well as for their long-term futures.
The office of the future: What leaders must consider as they design post-pandemic workplaces
Leaders face the challenge of establishing a safe and productive office environment as healthcare administrative offices ramp back up following the peak of the COVID-19 pandemic.
The slow transition back to normal after COVID-19: How leaders can help their teams
Several guiding principles can help leaders steer their teams and organizations back to something approaching normalcy following the COVID-19 pandemic.
Rolling forecasting will help get hospitals through the COVID-19 crisis
The upheaval hospitals and health systems are experiencing as a result of the COVID-19 pandemic has made traditional annual budgeting processes inadequate. Organizations should consider adopting instead a budgeting process based on rolling forecasting.
Guest commentary: COVID-19 allows no time for hesitation among healthcare finance professionals
Kaufman Hall's managing director and chair, Ken Kaufman, says leaders of healthcare provider organizations must act now with speed and sophistication to develop the financial foundation for an effective COVID-19 recovery.
6 major long-term implications for the nation’s healthcare system post-COVID-19
The COVID-19 pandemic’s impact on the nation has historical implications. Among the various national responses, we likely will see investments in strengthening hospitals’ abilities to deploy temporary facilities, draw upon backup staffing and build stockpiles of key items.
HFMA’s Region 5 raises more than $17k for Charleston, South Carolina, nonprofit, Amor Healing Kitchen
HFMA’s Region 5 came together during the Southeastern Summit to donate $17,320 to Amor Healing Kitchen, a Charleston nonprofit, which serves freshly cooked food to people with cancer or other illnesses.
HFMA Chapter members share promotions and new job roles
HFMA Chapter members announce career updates from new jobs to promotions. Plus, one member shares her recent accomplishment with a master’s in legal studies.
Will the CARES Act actually reduce hospital financial stresses?
The COVID-19 crisis raises important questions for the U.S., including how it should prepare for the inevitable occurence of other potential serious pandemics in the future.