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