COVID-19 has created disruptions in the everyday operations and revenue streams of all types of healthcare providers. To more effectively react to disruptive events, having an established and robust scenario planning process – which includes building flexible, multiyear financial models – can assist healthcare organizations react to future unsettling crises.
To help healthcare providers that have experienced disruptions to their financial performance and operations due to the coronavirus pandemic, Baker Tilly has created a helpful whitepaper that outlays the results from an exhaustive survey that assessed the impacts that COVID-19 has caused on their organizations and their level of preparedness for recovery in a new environment. This whitepaper outlays some of those reoccurring themes seen by your peers and other providers as well as some helpful tips, including:
For more information about this topic, or to learn how Baker Tilly’s Value Architects™ can help, contact our team.