Modeling & Budget Analysis: Key Financial Considerations for CARES Act Reporting

As COVID-19 brought unprecedented challenges to healthcare organizations (HCOs) across the country, the ability to develop agile, adaptable financial models is more important than ever. While government assistance programs met the immediate need for cash flow, HCOs who now find themselves unprepared or unable to demonstrate proper accounting for these funds may ultimately be asked to return them.

In this installment of DHG Healthcare’s Emerge communication series, we share critical considerations for long-term financial planning in a COVID-19 world. HCOs must develop or enhance a dynamic financial model that calculates lost revenues and incremental expenses, understands past performance, and projects future operations.

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