What To Do About Financial Distress in Rural Healthcare
This session will present rural healthcare financial trends, characteristics in distress situations, and straightforward measures to identify and monitor financial distress. Strategies for communicating with hospital boards about financial distress and internal improvement options for avoiding or getting out of financial distress will be discussed. Potential legal and external financial options will be outlined for cases of economic distress. Attendees of this virtual session will learn ways to monitor, avoid, and get out of financial distress.
Learning Objectives
- Define financial distress and discuss trends in health care.
- Discuss how to communicate with boards about financial issues.
- Identify hospital financial distress trends.
- Outline business and legal strategies to stabilize and avoid financial distress.
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