Not-for-profit hospitals are experiencing one of the most financially turbulent periods in recent history given fierce workforce challenges, unpredictable volume and the dissipation of CARES Act funding. Many hospitals are facing potential financial covenant violations as a result. Communications to key internal stakeholders such as board members and other c-suite executives, as well as external stakeholders such as creditors and rating agencies are integral in managing covenant breaches. Hear from our panel of experts on how to prepare and manage covenant breaches while developing a path toward financial sustainability.
In this webinar our industry veterans explain what a hospital’s covenant requirements mean, implications of breaching an organization’s covenants and tactical steps to take in the event of a violation. Our experts will also discuss the importance of socializing the key message that meeting covenants are everyone’s responsibility, as is building longer-term financial sustainability.