Liquidity management amid COVID-19: 6 strategies to bolster hospital ‘rainy day’ funds
The initial surge of COVID-19 was a clinical and administrative challenge the likes of which hospitals had never seen before. Caring for patients, increasing capacity and protecting staff were among the many immediate concerns of hospital leaders. Amid the related economic crisis, hospital finance leaders have focused on driving cashflow and preparing their teams to walk the path to recovery.
In these difficult times, hospital finance leaders must execute sophisticated liquidity management strategies to maintain cashflow while also maximizing investment returns where possible. This white paper comprises six strategies to support hospital leaders' immediate liquidity management efforts and maintain a focus on future recovery.
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