All Featured Insights

Nagging tension points continue to cloud the Fed’s plan to slow private sector growth and job creation in its efforts to lower inflation. Focus on the balance sheet as a stabilizing resource in a volatile environment.

The defining characteristic of 2023 is the multi-variable set of high-impact unknowns. The only way to push back is to bridge the management of scarce resources across the very different operating, financing, and investing functions that define every not-for-profit health system.

Tuesday’s 7.1% CPI print was an improvement from October’s 7.7% and well off the 9.1% peak (so far) posted in June. 7.1% is not price stability and there remains a large gap to the Fed...

While inflation may be stabilizing, healthcare organizations face a long haul back to a better place. They will need a disciplined framework and an openness to new possibilities, including the utilization of strategies that were rejected in more stable times.

The Federal Reserve’s transition from interventionist back to influencer will impact every corner of the modern healthcare enterprise and should be on the list as you reassess post-inflation resource positioning.

We are in a very complicated credit moment and an equally complicated capital structure environment. Capital access remains a critical success factor, and today’s work is to reassess where you want to be on the risk-optionality continuum.

We see a continued modest capital formation environment. Bon Secours Mercy issued approximately $400 million of tax-exempt debt in a very difficult market. The transaction got done, but...

Not-for-profit healthcare issuance remains light across all public and private funding channels. Rates remain relatively attractive, but uncertainty about the depth and breadth of the new issue healthcare markets persists.

The landing point of the COVID cycle seems to be a profoundly challenged operating model paired with escalating balance sheet vulnerability due to reduced organic cash flow generation and volatile investment markets.

2022 is not the 1980s, but lessons learned during earlier battles with inflation can help inform scenarios of what we might be facing today if inflation proves more intractable than our current government and policy leaders anticipate.

In a midyear assessment, we look at the current situation from the angles of inflation and labor, Federal Reserve activity, key benchmarks, and risk indicators and the funding environment.

Behavioral economics describes how human error can upend statistical or logical expectations. This may have serious implications for the Fed’s efforts to control inflation.