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Going up: Pressure on health systems

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The full financial effect of the COVID-19 crisis on health systems is still unfolding, yet the pressures have been immense. While patients initially postponed appointments and procedures, a substantial number have opted to skip them altogether, which presents a direct hit to health systems’ bottom line. To combat these and other losses, many health systems are looking to identify and track liquidity needs, and to shore up processes to monitor balance-sheet risk and improve asset and liability management. This undertaking includes scrutiny of investment portfolios, debt covenants, lines of credit, cash advances, deferred capital expenditures and more.

In the midst of all the challenges, Grant Thornton and the Healthcare Financial Management Association (HFMA), representing financial executives at some of the country’s largest healthcare systems, conducted a COVID-19 impact survey in late June. Among the findings: projections that telehealth volumes, which shot up under the pandemic, will continue to increase — as will the number of new cases of COVID-19.

See our infographic for what executives thought.

Contacts:

Erik ShannonErik Shannon
Principal, Health Care Industry Leader
T +1 832 487 1440


Stephen ThomeStephen Thome
Principal, Health Care Transaction Advisory Services
T +1 216 858 3553