Medical Economics October 21, 2020
As the pandemic wreaks financial ruin on practices across the country, physician leaders need to begin to plan for their financial futures after the pandemic has passed.
The COVID-19 coronavirus pandemic has thoroughly derailed what was shaping up to be a good year for physician practices, but practice leaders should plan rather than prepare for what the financial implication will be in the post-COVID-19 world.
This was the topic of a seminar given by Fulcrum Strategies’ Chief Financial Officer and Strategic Planning Consultant Cynthia Nyberg as part of the Medical Group Management Association (MGMA) Medical Practice Excellence Conference 2020.
She said that prior to the coronavirus spreading across the U.S., unemployment was at 3.5 percent,...
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