Jul 8, 2020
Cultivating Cash Flow in a COVID-19 Environment
With so much uncertainty increasingly normalized, it is vital to regroup and to pool expertise with a community on the same journey. Gerilynn Sevenikar, VP, Revenue Cycle, Sharp HealthCare and Marti Strand, VP, Revenue Cycle, Saint Joseph’s/Candler Health System are set to discuss and share two very different experiences working through COVID-19: how they’re coping now and what plans are in place for further uncertainty and of course, for success.
Hospitals all over the country are sustaining financial damage as a result of COVID-19 and are appropriately preparing for its aftermath. Declining revenue demands strategic play to offset plunging profits. Bad debt continues to plague the industry and with the economy as uncertain as it has been, healthcare leaders are right to focus on revenue streams for a much-needed cash influx now more than ever. Debt management places a hugely challenging, and often unsuccessful, burden on hospital operations.
Join Sharp HealthCare and Saint Joseph’s/Candler Health System for a discussion that pinpoints means to cultivate efficiency and create a culture that manages risk and maximizes revenue potential.
Agenda Includes:
- Continuing to prepare for impact with best practices for balance sheets: methods of dramatically decreasing bad debt and getting cash in hand
- Reducing overhead and sharing risk: ensuring accountability with the right expertise in the right position
- Nurturing your brand and your patient satisfaction: empathetically accommodating a new type of consumerism in repayment plans
