COVID-19 delivered a gut punch to the outlook for not-for-profit hospitals in 2020, moving from a “stable but delicately balanced” outlook this past January to a negative outlook in late March due to the rapidly evolving pandemic. While independent hospital leaders have always needed to keep a careful eye on their organization’s ability to remain […]
Every organization has sacred cows. The financial challenge from COVID-19 calls for large scale improvements. This has emboldened our clients to address sacred cows, making tough changes that were unthinkable a few months ago. The time to act is now! Sacred cows to consider include: Underperforming Assets: Every organization has some assets that perform significantly […]
David Nash, Founding Dean Emeritus and Professor of Health Policy, Jefferson College of Population Health, provides the top three things hospitals and health system leaders must do to move forward in a post-COVID world from a population health perspective.
Intro to M&A Blog Series: As healthcare organizations brace for financial losses stemming from the coronavirus pandemic, some will have a harder time weathering the storm than others. It’s a predicament that could propel some not-for-profit hospitals and health systems into partnerships in 2020 and beyond. Just months ago, experts thought hospital and health system […]
The pandemic has led healthcare leaders to ask, “Should we just throw out our strategic plan?” Though much has changed, the quickest and most effective way to lead and make good decisions – and to reassure boards and other stakeholders – is to revise and build on your existing strategic plan[1]. It will help set […]
John Harris, Director of Veralon Partners, discusses ways hospitals can best position themselves for future peaks to ensure care of both COVID-19 and non-COVID-19 patients and addresses the importance of actions taken by the hospital and community alike to mitigate the negative effects of the virus. Resource: http://www.veralon.com/covid-19-is-this-the-peak-or-just-a-peak/
John Harris, Director of Veralon Partners, describes what hospitals can predict for future COVID-19 volume, as far as number of peaks and peak height, based on contributing factors unique to their communities. Resource: http://www.veralon.com/covid-19-is-this-the-peak-or-just-a-peak/
John Harris, Director of Veralon Partners, explains why hospitals and communities can expect future “peaks” of COVID-19 cases, regardless of whether or not your hospital and community were hard hit by the virus initially. Resource: http://www.veralon.com/covid-19-is-this-the-peak-or-just-a-peak/
Though COVID-19 has absorbed the world’s attention, hospitals must also effectively treat all of those patients who needed care before COVID-19 appeared. Many of these patients are deferring or skipping necessary care, often against their physician’s advice, for fear of contracting COVID-19 at a healthcare provider. Providers need to allay patient fears and establish effective […]
What COVID-19 volume should hospitals expect over the next 6 to 12 months? In the last two months, some hospitals experienced exponential COVID-19 census growth, while others stared at empty hallways as stay-at-home orders flattened the growth before it took off. Doubling of cases occurred as quickly as every 3-5 days before states exercised any […]