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The same statement resurfaces whenever we face an economic downturn: healthcare is recession proof.    Unfortunately, that’s more fiction than fact.    Just like other large organizations with workforce, supply chain and other fiscal concerns healthcare organizations are impacted by economic conditions. However, it is true that the industry responds to economic downturns in unique ways. 

The FEMA deadline for submitting COVID-19-related costs for final determination is December 31, 2022. As FEMA completes reviews and renders decisions on approvals, many applicants may see notices of denials of costs due to one or multiple eligibility issues.    The pandemic as a nationwide disaster event has presented many issues for applicants, including hospitals,

Health is “the real wealth” and Artificial Intelligence (AI) is now used more than ever by healthcare organizations to help improve patient care, reduce costs, increase revenue, and reduce risk.       OMNImed™ SmartOR is just one example of this. OMNImed is a smart operating room that leverages AI, machine learning, Internet of Things (IoT) and computer

To expand or contract a business as market conditions change requires flexibility, agility and foresight. For companies who want to be positioned as well as possible at the forefront of a recession, taking concrete steps now can ease the pain of an economic downturn or other unforeseen challenge.   How can companies navigate economic uncertainty and

There are many factors to consider when crafting a commercial property insurance policy that will fit your company’s needs in the wake of a loss. We recommend reviewing your policy provisions in advance to reduce uncertainty. Careful planning and structuring of the policy can set the stage for the recovery process in the event of

The concept of “tax risk” is an increasingly important and regular topic of discussion across organizations and in boardrooms, and for good reason. Businesses that operate across state lines or internationally can in certain cases trigger tax liabilities in jurisdictions where they do not have a physical presence. In addition, many countries are adopting policies

Struggling with your EHR system? You’re not alone. EHR systems present healthcare organizations with the opportunity to improve workflows, enhance the patient experience and generate better clinical outcomes. Unfortunately, EHR systems aren’t always optimized, which can cause more work — and greater headaches — for both your clinicians and patients. Want to know how to

U.S. businesses have been hit by the perfect storm. As the pandemic continues to disrupt supply chains and plague much of the global economy, the war in Europe further complicates the landscape, disrupting major supplies of energy and other commodities. In the U.S., price inflation has accelerated the Federal Reserve’s plans to raise interest rates

If you received any funding from the Provider Relief Fund (PRF), chances are, you’ve already had to report your use of funds in either reporting period one or two, and you know how complicated the process can be. In fact, according to the 2022 BDO Healthcare CFO Outlook Survey, 35% of the respondents identified CARES Act/PRF reporting

Many businesses are now allowing employees great flexibility to choose their work location. A common work arrangement allows an employee to regularly work remotely (e.g., from their personal residence) and to work in the employer’s office as needed. Employers are asking whether the expenses incurred by the remote employee to travel to the office can