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CHICAGO - Hospitals have taken a financial hit from continued COVID-19 headwinds, especially due to labor shortages. Moody's Analytics Chief Economist Mark Zandi, in a preview of his HIMSS23 session on Friday asking if more turbulent times are ahead for healthcare, said that, indeed, tough times are ahead for healthcare, at least near term. His advice to executives is to focus
The financial issues hospitals began to face at the start of the pandemic aren't going away anytime soon, according to managing editors of Alvarez & Marsal, who advise healthcare executives on the best ways to move forward. The pandemic exposed the stresses in the supply chain, of staffing and of establishing safety net issues, said Managing Director Martin McGahan. To cut
As 2022 comes to an end, Healthcare Finance News editors reflect on how much has changed over the past year and what that means for trends in 2023. The public health emergency is ongoing and will remain in place past January 11, 2023, putting the popularity of home health and telehealth in the balance. Hospitals continue to see surges, this time from a combination of COVID-19,
Peter Urbanowicz and Martin McGahan, managing directors with consulting firm Alvarez & Marsal, are not optimistic that the financial challenges facing health systems will improve anytime soon. Both are advisers to CEOs and CFOs. The financial landscape has changed significantly since COVID-19, and health systems know this, said McGahan, a restructuring advisor who has worked
Alvarez & Marsal (A&M) expanded its life sciences, biopharmaceutical and medical technology (MedTech) offerings with the appointment of Philadelphia-based Steve Moscoe as a Managing Director in its Healthcare Industry Group. Moscoe’s hire extends A&M’s breadth of services and reflects the firm’s commitment to advise biopharmaceutical, medical...