HEALTHCARE: Top risk considerations for healthcare leadership amid COVID-19
The COVID-19 pandemic has brought additional risks into the limelight for the healthcare ecosystem. How will healthcare organizations begin to mitigate these risks? What categories should healthcare organizations be looking at, and what steps should they be considering?
The following are some of the top critical risks healthcare leadership faces today.
CohnReznick’s Healthcare Advisory Services practice provides experience and professional expertise to assist clients with the management of the types of risk outlined above. In approaching various organizations’ business disruptions, CohnReznick has created a rapid response framework – NOW. NEXT. NEW. This agile process helps identify priorities for immediate action, so that each organization can remediate the disruptions endangering its enterprise and start planning for a new way of conducting business.
NOW – The part of the framework that’s most urgent – including addressing the organizational risks listed above. For some organizations, addressing the NOW will be a matter of survival. CohnReznick focuses energies on the critical factors related to cash, communication, and control that are needed to manage through the immediate uncertainty, set priorities, and move toward stabilizing the business of the organization.
NEXT – Transition from the urgent focus needed to stabilize the organization’s survival to the actions that will frame the success of the organization in the coming months and years. CohnReznick helps organizations focus on the key processes, technologies, products, supply chain issues, and other priorities that will shape the NEXT stage of the organization’s business.
NEW – In a new post-disruption business environment, leadership will need to take action and revisit decisions as if they were NEW. From finding capital sources to leading a primarily remote workforce to determining an evolved long-term strategy, CohnReznick’s framework rapidly allows organizations to find the path needed for the mid-term and long-term, providing the expertise and guiding hand needed to operate in a post-disruption business environment.
If you have any questions, please feel free to reach out to us, or check our Coronavirus Resource Center for additional information.
Coronavirus Resource Center
InsightNew York State HWB Program: The first employer submission period for bonuses has openedAparna Mekala, Joanne McNamaraThe HWB Program has launched in New York state. Here are three considerations for healthcare providers. Read more.
Press ReleaseCohnReznick earns three M&A Atlas awards for transactions workCohnReznick's award-winning Transaction Advisory Services team was recognized by Global M&A Network as the Transactions Advisor of the Year and earned awards for U.S.A. Private Equity Deal of the Year – Middle Markets and Health Care Deal of the Year during the 13th Annual Americas M&A Atlas Awards celebrations.
InsightFor-profit healthcare entities and the Provider Relief FundSteven SchwartzLearn when and how to report on use of the federal COVID-19 healthcare funding, the tax and Single Audit implications, and other information for providers.