Accounting & Financial Management
By shifting personnel to different departments, Nebraska Medicine Center has shored up labor costs and avoided furloughing workers.
While volume and revenues plummeted to historic levels, expenses remained nearly flat, putting pressure on hospitals as the coronavirus spreads.
The stimulus and emergency response funding will blunt some of the losses, but hospitals won't be fully compensated, Moody's found.
Despite his high profile and the deep pockets of its investors, the Amazon, Berkshire Hathaway, JP Morgan Chase joint venture has so far shown limited progress on its aspirational tech-driven healthcare goals.
U.S. health insurers will remain profitable under the most likely scenarios, despite the highly uncertain severity and duration from COVID-19.
Setting targets, focusing communication and getting buy-in from the entire organization will be necessary to succeed.
With Christopher Kerns, Advisory Board's vice president for Executive Insights.
If 20% of the US population were to become infected with COVID-19, it would result in an average of $163.4 billion in direct medical costs.
Margins significantly across broader health systems, which often include substantial physician and ambulatory operations outside of the hospital.
If such facilities can't bring in new residents, their business model essentially collapses.