Calculating cash flow

As COVID-19 continues to affect providers on the front lines of the crisis, hospitals and health systems must also navigate substantial changes to typical patient utilization patterns and related impacts to cash flows in order to remain financially stable. Providers must also handle the complexities of processing past and current accounts receivables (AR) while implementing new work-from-home arrangements and managing remote workers.

During these uncertain times, payers may consider working with providers to establish new payment programs that might be able to provide a financial lifeline to the provider community as COVID-19 creates increasing disruption on provider financials. In addition to helping secure the strength of network providers now, new payment programs could help establish partnerships to build upon as the crisis recedes.

Listen to Baker Tilly’s on-demand webinar for an informative discussion that will address:

  • Prioritizing and managing short-term AR
  • Medicare’s Periodic Interim Payments (PIP) program and other payment programs payers can adopt to help secure and strengthen the financial stability of their provider networks
  • Strategies payers and providers can use to continue supporting patients, their organization and our community during these unprecedented times

Coronavirus Resource Center

For more information on this topic, or to learn how Baker Tilly’s Value Architects™ can help, contact our team.

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