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Greg Anderson

Greg leads HORNE’s healthcare data analytics practice and consults with clients to drive optimization with COVID-19 relief funding and value-based payment models. For over 20 years, Greg has focused his work on healthcare appraisal and is a leading voice on topics of healthcare valuation and physician incentive compensation plans.

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Greg Anderson
Jeff Grandia

Healthcare Relief Funding: Five Steps to Maximize COVID-19 Dollars

While federal COVID-19 relief funding for health systems sounds good in theory, many organizations have found accessing and using these monies overwhelming and frustrating. Federal guidance has been inconsistent or incomplete, and continued changes to relief packages and policies challenge organizations to develop pragmatic financial recovery strategies. Financial leaders who are confronting more questions than answers need a simple framework to move confidently into recovery.
The following five expert financial- and healthcare-based guidelines will help organizations navigate and optimize COVID-19 relief funding:

Regularly review legislative and regulatory updates and agency activity.
Make the most of what’s available.
Use required reporting as a decision-making tool.
Prepare now for the inevitable audit.
Test compliance now to eliminate headaches (or litigation) later.