Weekly News Roundup: May 22, 2020
Early Steps Towards Recovery
As states across the country ease stay-at-home orders, healthcare organizations look to restart elective procedures and develop financial recovery strategies. In this week’s news roundup: hospitals begin the road to recovery; understanding the implications of the stimulus relief package; how one health system used advanced analytics in their financial recovery plan; and more.
Hospitals Begin Road to Recovery
The consensus among healthcare CFOs is that revenues are down massively, but immediate insolvency is no longer a major concern, as long as volumes begin to return soon. Organizations are prioritizing rescheduling inpatient elective procedures, rather than outpatient services… Read More
Healthcare Organizations Unsure of Stimulus Relief Package Impact
A recent survey from Insights by Xtelligent Healthcare Media revealed that many healthcare stakeholders are unsure of the implications the stimulus relief package will have on their organization. Read More
Responding and Recovering in Clinic Operations with Advanced Analytics
Acuitas Health was challenged to assist the providers it supports in rapidly modifying clinic operations to address COVID-19. They needed to quickly integrate data from multiple sources, visualize the impact of various changes on operational and financial performance, and start to plan for recovery. Read More
The Financial Hit to Nonprofit Hospitals Hinges on Federal Aid and Restarting Elective Surgeries
The stimulus and emergency response funding will blunt some of the losses, but hospitals won’t be fully compensated, Moody’s found. A number of other variables will also affect patient volume, including hospitals’ access to rapid coronavirus testing, supply chains, government policy, potential surges… Read More
Health Systems Share COVID-19 Financial Recovery Strategies
More than 100 attendees from 46 healthcare organizations joined the first in a series of Health Catalyst virtual client huddles designed to support client partners and aid collaboration and direct client connections in this time of unprecedented change. According to an April 2020… Read More
