The global COVID-19 health crisis has put an unprecedented strain on healthcare providers, from organizations directly providing acute care to those offering behavioral, at-home, and long-term care. During the pandemic, these businesses have been designated as critical service providers, and received substantial government financial assistance, allowing them to stay afloat while continuing to fulfill their mission. Now, as the initial wave of financial assistance subsides, difficult adjustments may need to be made to preserve revenue and manage costs.
At Carl Marks Advisors, we help healthcare providers navigate through economic cycles, business challenges, and the impact of regulatory and other changes in the marketplace. Throughout the pandemic, we have worked with these providers to reassess their business models and adjust their strategies. Below are some of the issues that key sectors of the industry continue to confront, and the ways our team is helping meet the challenge: