Coronavirus Updates for Healthcare Organizations

2020 hospital revenues — even with CARES funding — finished the year below 2019 revenues and expenses increased by 14%.

Compared to 2020, healthcare organizations in 2021 have an increased focus on: Operational efficiency Financial health Quality of care and clinical outcomes Thriving in a post-pandemic...

Hospitals and health systems are still working to understand the roller-coaster effects of the global pandemic, meet the needs of local markets, and chart a path forward. Finance...

Our new report finds that healthcare leaders are more confident their organizations can adapt swiftly to unexpected changes as a result. Read more.

Discover how your organization’s experiences and plans stack up against 180+ hospitals in our annual survey, which also shares top strategies to grow financially in a post-pandemic environment.

November 2020 saw an increase in COVID-19 cases that placed new pressures on hospitals and health systems, even as executives eagerly anticipated emergency use authorization of COVID-19...

When James Hackett led office furniture manufacturer Steelcase, he formulated a simple framework for leadership that encompasses the now, the near, and the far. Imagine a target with...

Key performance indicators (KPIs) from October 2020 indicate a difficult winter for the nation’s hospitals and health systems amid a fast-rising increase in COVID-19 cases and ongoing...

In challenging times, healthcare organizations can sustain high-value care delivery & ensure long-term financial viability by analyzing clinical data. Learn more.

September 2020 measured the best full-month revenue performance since the pandemic began, but this news isn’t enough to indicate a turnaround. Read more.

As the COVID-19 pandemic stretches on, Finance teams in hospitals and health systems continue to face unprecedented waves of challenges. Hit hard by low volumes, high per-patient costs...

As the world struggles to contain COVID-19, U.S. hospitals are finding the pandemic amplifies existing financial challenges. Learn how to use existing data to optimize revenue.

How do organizations strategize and identify new revenue streams to supplement procedures and visits that have been paused due to the pandemic?

Now is the perfect time to leverage financial and operational data to inform strategic decisions in your healthcare institutions. Learn how to integrate rolling forecasting in 5 steps!

COVID-19 is changing many things, especially the way we conduct business, socialize, and interact with the world around us. It’s also highlighting the importance of rolling forecasting...

The global coronavirus pandemic and resulting economic chaos significantly heightened the risk and uncertainty facing all healthcare organizations. How can your org respond?

Hospitals and health systems at every stage of COVID-19 response are experiencing significant financial and operational disruptions from the pandemic. A recent American Hospital...

Don’t face COVID-19 recovery alone. Healthcare finance experts will show you how to use Axiom software and data solutions to support pandemic recovery in this webinar recording. You’ll...

Most healthcare providers use traditional annual budgeting processes, but the significant impacts of COVID-19 have made current budgets virtually unusable and introduced tremendous...

Although hospitals and health systems in most areas have shifted into recovery mode following the first pandemic wave, cost accounting for COVID-19 continues as a moving target. Read more.

As hospitals and health systems seek a return to normalcy following the coronavirus outbreak, finance teams are assessing costs associated with COVID-19 care at the organizational and patient level. Advanced cost accounting and decision support capabilities can help you understand, manage, and monitor trends across all service lines.

As business realities continue to evolve, finance teams need to quickly reforecast to understand potential financial impacts across a variety of scenarios. Read more.

As health system leaders uncover the financial impact of COVID-19 , rolling forecasting provides map for identifying and responding to changes. Read more!

Learn more about how Axiom Rolling Forecasting clients are using the software to manage the financial ramifications of the COVID-19 pandemic.

he recovery planning process from COVID-19 requires healthcare leaders to coordinate assessment, forecasting, modeling, and more. Learn why financial planning software is critical.

Understanding costs during COVID-19 is a unique and specific challenge for hospitals and health systems because there’s no historical precedent to rely on for guidance. Read more.

The COVID-19 crisis has caused dramatic financial harm to California hospitals. Read more about the decline in discharge volumes and the net loss in revenues.

Hospitals across the country suffered a brutal month in April, as steep volume and revenue declines drove record-poor margin performance, setting the stage for not only a difficult recovery, but a permanently changed healthcare delivery environment.

For hospitals and health systems, post-COVID-19 recovery, survival, and success will require a highly complex cycle. Download our eBook to learn more.