Navigating COVID’s Financial Roller Coaster: One Health System CFO Describes the Ride
From an economic standpoint alone, while some health systems are finally starting to feel a small sense of relief, the path to financial recovery is still a long and daunting one.
“This sustained financial squeeze on the hospital field could result in the slowdown of vaccine distribution and administration, continued pressure on tired front-line caregivers and diminished access to care, including in rural areas,” according to the report.
Undoubtedly, patients want transparency around an organization’s sanitary and safety protocols while also having access to up-to-date information about the evolving pandemic.
She adds that at the onset of the pandemic, the initial goal was just trying to make sure the health system could survive financially and that it had enough financial liquidity to get through the roughest patches of having near-empty hospitals.
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