4 financial considerations for healthcare providers as practices reopen
For most healthcare providers, 2020 began on an optimistic note. With a strong economy, the industry was positioned for another year of growth. Then COVID-19 hit and the world as we knew it changed, possibly forever. Healthcare providers were mandated to cease elective procedures and, in many cases, close down offices altogether. Even as states lift shelter-in-place restrictions and healthcare providers are given the greenlight to start seeing patients again, healthcare practices face unprecedented headwinds. With the financial uncertainties that lie ahead, what should providers be thinking about as they reopen? This whitepaper details the current challenges facing healthcare providers and answers the following questions:
- Is now a good time for healthcare companies to make acquisitions?
- How can practices return patient volumes and cash flow back to normal?
- What does it mean for my company if bank loan covenants are violated?
- When will banks lend again?