COVID-19 Financial Recovery Strategies

Michael Allen, CFO, OSF HealthCare, Christian Pass, CFO, John Muir Health, and Dan Michelson, CEO, Strata.  The COVID-19 pandemic has turned hospital financials upside down, as hospitals put community needs first in the immediate response to the disease outbreaks across the country. Financial management strategies for this kind of nimble, constantly-shifting operational decision-making include tactics such as rolling forecasts, detailed costing methodologies to capture COVID-related costs, and daily huddles to track activity and fine tune operational decisions. Dan moderates this discussion among innovative SI Member financial executives regarding today’s financial operations environment.