Course Description:
COVID-19 has brought a series of new financial challenges for hospital management to navigate. Amid preparing for potential COVID-19 surges, many hospitals have experienced a decline in volumes while also experiencing increases in COVID-19 related preparatory measures. As a result, hospital executives are faced with managing operations through reductions in revenue and increases in expenses, causing volatility in cash flows.

Strategic and long-range financial models are useful tools for management to utilize when making significant strategic decisions from what was “normal” a few short months ago to the new “normal” that exists today. A significant piece of the change is the impact COVID-19 has had on the demand for hospital beds and resources.

This presentation provides management with financial tools to help their organization navigate the financial impacts of COVID-19, offering solutions tailored to each organization’s needs. It will touch on both high-level and detailed approaches to determining month-end and year-end impacts, along with a Q&A session for participants to ask questions.

Presenters:
Jared Heim, CPA, Partner-in-Charge of Strategic Finance
Jared joined Eide Bailly in 2004 and excels in serving the needs of clients in the healthcare industry. He is the Partner-In-Charge of the Firm's Strategic Financing Practice, which includes overseeing all financial forecasts, debt capacity studies, market demand analysis and other financial pro-forma work. He also leads and supervises financial audits and reviews Medicare, Medicaid and other third-party reimbursement reports for hospitals and senior living organizations.

Shawn Deluhery, CPA, Senior Manager, Healthcare Consulting
Shawn is a senior manager in the healthcare consulting industry at Eide Bailly and brings nearly 15 years’ experience to his interactions with clients. Shawn offers a clear communication style with an operational focus and modeling leadership to every engagement. Through this method, Shawn helps his clients maximize utilizing models in decision making around operational changes, finance implications, and in forming strategic initiatives.

Jana Smith, Manager, Healthcare Consulting
Jana joined Eide Bailly in 2011 and works exclusively in the healthcare industry. Throughout her career, she has managed and in-charged financial audits for healthcare entities, prepared Medicare, Medicaid, and other third-party payor cost reports, and she currently focuses most of her time providing advisory services to various healthcare organizations. These advisory services include financial forecasts, debt capacity studies, market demand analysis and other financial pro-forma/service-line analyses.

Additional Information:
This is a web-group seminar. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Jason McKeever at 612.253.6628.