Is Your Financial Muscle Ready For The Heavy Lift?

The financial stability of health and human service provider organizations is certainly being tested. For the past eighteen months, we’ve had the pandemic effect on the field. Hospital operating earnings before interest, taxes, depreciation, and amortization for 2020 fell nearly 5 percentage points without factoring in federal emergency relief funding (see National Hospital Flash Report). The long term care industry is expected to see a $34 billion (24%) revenue decline in 2020 and 2021, along with additional expenses of $60 billion due to COVID, resulting in 1,813 facilities closing (see Protect Access To Long Term Care For Vulnerable . . .