Radio Advisory

Part 4 (of 4) of a financial impact series on how Covid-19 is impacting the financial health of various players in health care. Sarah Hostetter, an expert on independent physician practices, discusses with Rae how physician groups were doing financially before the pandemic, why the financial impact differs for various types of physician groups, and how some independent groups are considering partnership with other organizations to weather the storm. More resources: How Covid-19 will impact the financial outlook for the health care industry Your Covid-19 practice recovery checklist Ep. 12: Financial impact series: Ambulatory Surgery Centers Ep. 11: [Quick Update] Financial impact series: Hospitals Ep. 10: Financial impact series: Payers Ep. 7: Financial impact series: Hospitals Equip your rising executives with the leadership and business skills they need to navigate the complexity of health care, solve difficult challenges and achieve breakthrough performance. Learn more about the Advisory Board Fellowship.

Health care leaders are rightfully focused on solving immediate supply chain issues—like shoring up enough PPE and supplies to keep up with testing and begin restarting elective procedures. While the near term focus on supply chain is focused on operations—the long term outlook for supply chain is about to get far more strategic in nature. This episode addresses how Covid-19 could fundamentally change a provider’s approach to supply chain moving forward.

On May 11, CMS released the inpatient prospective payment system proposed rule for fiscal year 2021. In this episode, Emily Connelly sits down with Rae to talk about how the proposed rule will impact hospital payments, price transparency, and updates for orthopedics and oncology. More resources: Our 6 takeaways from the 1,602-page Inpatient Proposed Rule

Part 3 (of 4) of a “Financial Impact” series on how Covid-19 is impacting the financial health of various players in health care. Megan Director, who has years of experience researching service line strategy joins Rae to talk about the impact COVID-19 is having on Ambulatory Surgery Centers, and why it is different than other parts of the industry. More resources: How Covid-19 is impacting non-hospital sites of care Ep. 11: [Quick Update] Financial impact series: Hospitals Ep. 10: Financial impact series: Payers Ep. 7: Financial impact series: Hospitals

The House voted at the end of April to approve a 4th stimulus package intended to help offset some of the economic efforts of Covid-19. Rae brings back Christopher Kerns to discuss this and how the money is likely to ease some of the short term cash flow challenges hospitals are facing. More resources: Episode 7: Financial impact series: Hospitals

(Part 2 of 4) Financial impact series. Rachel Sokol has in depth experience with the health care payer landscape as she has led Advisory Board research within this division for the last five years. She shares with Rae the financial state of payers before the pandemic hit and outlines the pressures that health plans are experiencing due to Covid-19. Together, Rachel and Rae also discuss how health plans can deepen their partnerships with providers as they face financial shortfalls in the face of a pandemic. More resources: Providers are short on cash. What are health plans doing about it? Episode 7: Financial impact series: Hospitals

As we approach Nurses Week, the nursing workforce is increasingly finding themselves in one of two scenarios. Nurses on the frontlines of surge markets are facing trauma, physical and emotional stress, while others are being furloughed and are uncertain about their future. As Nurses Week celebrations begin, leaders are urged to move beyond traditional celebration rituals with short term impact to an expanded definition of what meaningful recognition is all about; a commitment to longer term strategies that address workforce recovery and safety needs. More resources: Don't let Nurses Month pass you by. Here's how to celebrate virtually. Your checklist for resuming elective procedures Equip your rising executives with the leadership and business skills they need to navigate the complexity of health care, solve difficult challenges and achieve breakthrough performance. Learn more about the Advisory Board Fellowship.

Most of the questions around reopening for business have focused on surgical and procedural care. But physician practices have their own set of questions to answer: Can they reopen for in-person visits? Should they? As ambulatory practices increasingly decide the answer to these questions is "yes"—leaders will face a host of new challenges about how to operate safely amid Covid-19. Daniel Kuzmanovich, a researcher focused on physician enterprise strategy, talks to Rae about the strategy and operations of reopening ambulatory practices today. More resources: How Covid-19 should change your chronic disease outreach From CMS.gov | Non-Emergent, Elective Medical Services, and Treatment Recommendations Ready to restart elective surgeries? Here are 3 steps to prioritize your services. Episode 6: Reopening for business? Here's what you need to know When should you resume elective surgeries? Here's how to know. Your checklist for resuming elective procedures Equip your rising executives with the leadership and business skills they need to navigate the complexity of health care, solve difficult challenges and achieve breakthrough performance. Learn more about the Advisory Board Fellowship.

(Part 1 of 4) Financial impact series. Rae invites Christopher Kerns back to discuss how Covid-19 is disrupting hospital finances. Together, they discuss what it means for lost revenue from the cancellation of elective procedures, already thin margins and operating expenses, and hospital's short- and long-term financial health. They end with a discussion on looking beyond the Covid-19 pandemic. More resources: Covid-19 Elective Surgery Cancelation Impact Estimator Your checklist for resuming elective procedures

Which criteria should hospitals think about before reopening the rest of their care services? How do patient demand, support services, and operational policies play into these decisions? How do hospitals communicate to patients and the community about the safety of their facility? Shay Pratt, who leads health system and service line strategy research, talks to Rae about how leaders should evaluate when the right time is to reopen for business. More resources: Your checklist for resuming elective procedures When should you resume elective surgeries? Here's how to know. How long is your organization’s road to recover? Consider these 4 factors