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Coronavirus Updates for Healthcare Organizations

The latest news on COVID-19 and its effect on hospitals and health systems

Two medical personnel with masks and hat, surrounded by virus icons

Pressure Rising: COVID-19's Ongoing Impacts on Healthcare Labor Trends

We partnered with HFMA’s Financial Analytics Leadership Council to gather executive insights on how the pandemic is affecting labor trends. Get the insights.
Article
Nurse filling out information on paper with pen, also on laptop

Healthcare Labor Challenges Persist, Comparative Benchmarks Help Consultants Guide Recovery Efforts

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...
Article
Sunglasses with data points reflecting off the lens

A Data-Driven Approach to Reducing Cost and Improving Clinical Quality

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...
Webinar
Businessmen analyzing market fall as a result of the coronavirus outbreak

HFMA Leaders Share 5 Challenges, Responses to Pandemic’s Financial Impact

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.
Article
Strategic Service Line Management - Decision Support

Strategic Service Line Management: Maximizing Enterprise Decision Support for COVID-19 and Beyond

As healthcare finance leaders focus on charting a path forward, they must assess their organization’s current financial situation and evaluate how to adapt business strategies to COVID...
eBook
2020 Healthcare Finance KPIs

Top 5 Healthcare Finance KPIs for 2020

2020 hospital revenues — even with CARES funding — finished the year below 2019 revenues and expenses increased by 14%.
Article
Infographic thumbnail - How will you leverage lessons learned and strengthen financial health in 2021?

How Will You Leverage Lessons Learned and Strengthen Financial Health in 2021?

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...
Infographic
Illustration of team implementing scenario modeling

Rolling Forecasts, Scenario Models Inform 2021 Decision-Making

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...
Article
Man jumping over hurdle

Building Agility for the Unknowns Ahead

Our new report finds that healthcare leaders are more confident their organizations can adapt swiftly to unexpected changes as a result. Read more.
Article
2021 Healthcare Financial Trends Report

2021 Healthcare Financial Trends Report

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.
Report
Healthcare Finance KPIs - November 2020

Top 5 Healthcare Finance KPIs: November 2020

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...
Article
Illustration of a football plan drawn on clipboard

Data, Partners, and a Plan: What a CFO Needs to Succeed

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...
Article
Top 5 Healthcare Finance KPIs for October 2020

Top 5 Healthcare Finance KPIs: October 2020

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...
Article
Pattern of purple curved arrows pointing various directions

Analyzing Clinical Data Can Improve Decision-Making During COVID-19 and Beyond

In challenging times, healthcare organizations can sustain high-value care delivery & ensure long-term financial viability by analyzing clinical data. Learn more.
Article
Top 5 Healthcare KPIs for September 2020

Top 5 Healthcare Finance KPIs: September 2020

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.
Article
Businessman nervous over arrow on chart falling downward

As Hospital Revenue Continues to Drop and Expenses Rise, Advanced Cost Accounting Becomes More Critical

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...
Article
Illustration of 2 people conducting data analysis

3 Ways to Use Healthcare Data And Benchmarking to Optimize Revenue During COVID-19 and Beyond

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.
Article
Illustration of abstract chart moving upward

Analyze Healthcare Costing Data to Support COVID-19 Recovery & Expansion

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

Healthcare Agility, Part 2: 5 Steps to Seamlessly Integrate Rolling Forecasting Best Practices

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!
Article

How Annual Budgets and Rolling Forecasting Work Together

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

Scenario Planning for the Agile Healthcare Organization

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

5 Overlooked Strategies to Streamline Healthcare Financial Management

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...
Article
Sticky notes being shifted around

Becker's Chart Your Course to Recovery

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...
Webinar

The Uncertainty Challenge: Planning Your 2021 Budget

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

Costing Strategies That Help Hospitals Quantify COVID-19 Impacts

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.
Article
video_image

Recovery with Cost Accounting and Decision Support

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.
Webinar
Navigating financial uncertainty

How Can Organizations Navigate Uncertainty and Manage Liquidity Impacts?

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

Why Rolling Forecasting Could Help Health Systems Recover from Revenue Losses

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

Healthcare Finance Leaders Share Rolling Forecasting Best Practices

Learn more about how Axiom Rolling Forecasting clients are using the software to manage the financial ramifications of the COVID-19 pandemic.
Article
4 scenarios for hospitals during COVID-19

Modeling Assumptions to Consider in 4 Different COVID-19 Recovery Scenarios

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