News | Becker's Healthcare CFO Report

CFOs of UW Health, LCMC Health Answer Four Questions on COVID-19's Fiscal Effects

May 12, 2020

Hospital CFOs are facing unparalleled financial challenges, as COVID-19 has forced the suspension of revenue-driving elective services. The rapid decline in patient volumes has prompted furloughs, pay cuts, and other cost-cutting measures, but as recovery efforts begin, a new set of challenges will arise. 

During a May 4 webinar hosted by Becker’s Hospital Review and sponsored by BRG | Prism, Brad Fetters, a BRG | Prism managing director, asked the CFOs of Madison, Wisconsin-based UW Health and LCMC Health in New Orleans about how COVID-19 has affected their respective fiscal landscapes. Topics included sustainability, ramping up elective services, and investment strategies.

Read the Q&A from the event.

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