Unexpected Revenue & Rate Cuts: The Left Flank Of 2021

The one unpleasant surprise that every management team should expect to deal with over the next year is unexpected cuts in revenue and rates. The reasons to expect this are clear. The pandemic has created an economic recession. Most (not all) employers are struggling with profit margins and looking to reduce costs, including health benefits. The federal deficit has reached record proportions—and this will affect Medicare, Medicaid, and federally-funded safety net programs. States and counties are looking at big deficits as well—and whether there will be any federal assistance for them is not clear.

There is no . . .