RevCycle Intelligence April 1, 2020
More CFOs anticipate COVID-19 to have a negative impact on revenue and profits as they realize the effects of the outbreak will not dissipate quickly.
CFOs of healthcare organizations and other major companies are becoming increasingly pessimistic about the impact COVID-19 will have on their bottom lines, according to a new survey from PricewaterhouseCoopers (PwC).
About 80 percent of CFOs and other finance leaders expect COVID-19 to decrease revenue and/or profits this year, the survey of finance leaders in US and Mexico found. The 55 respondents of the March 23 survey included CFOs and finance leaders in healthcare, as well as Fortune 1000 companies, non-profit associations, and privately held companies.
Only 58 percent of finance leaders in PwC’s March 11...