Coronavirus Updates for Healthcare Organizations

We partnered with HFMA’s Financial Analytics Leadership Council to gather executive insights on how the pandemic is affecting labor trends. Get the insights.

The pandemic put pressure on the healthcare workforce in numerous ways, including intensifying the labor shortage. Some areas, such as outpatient settings, flexed their staffing models...

Hospital and health systems currently face a myriad of challenges, including managing COVID-19 impacts, adapting to value-based care, addressing emerging competitors, and continuing to...

The pandemic’s profound impact on revenue, volume, and expenses has created a unique and critical need for data and analytics. Read more about why.

Today’s healthcare finance leaders must assess their organization’s current financial situation and evaluate how to adapt business strategies to industry demands and challenges. Leaders...

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...

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!

Annual budgets are useful in setting the plan for the upcoming year but are time-consuming to produce. Learn how rolling forecasting can help.

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.