Dean Dorton, one of the largest and most acclaimed certified public accounting and business advisory firms in the Southeast, recently spoke with hospital finance leaders from across the country to better understand the impact that the COVID-19 pandemic is having on the nation’s community hospitals.
“Hospitals have converted entire departments into COVID-19 units and canceled elective procedures for most of the last two months,” says Adam Shewmaker, Director of Healthcare Consulting at Dean Dorton and moderator of the virtual roundtable. “Although funding sources from the CARES Act have helped, this hardly replaces the lost revenue and increased costs that our hospitals are enduring.”
Roundtable participants included John Bradford, Chief Financial Officer at Murray-Calloway County Hospital in Murray, Kentucky; Charlie Crevling, Chief Financial Officer at Valley View Hospital in Glenwood Springs, Colorado; and Jennifer Williams, Chief Financial Officer at Wayne Healthcare in Greenville, Ohio.
Bradford, Crevling, and Williams discussed steps they have taken to restore lost patient volumes, and look to the future on re-thinking their normal business operations, including increased remote technology for both staff and patients.
To view the entire roundtable transcription, visit https://deandorton.com/covid-19-virtual-roundtable-impact-on-community-hospitals/.
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