Five strategies to know:
1. Establish a rapid process — as well as a clear chain of command — for decision-making and planning.
2. Determine whether your insurance policy covers COVID-19-related losses, and document all losses and expenses to make a claim.
3. Develop a financial contingency plan based on estimates of the minimum cash flow needed to stay afloat.
4. Proactively communicate with vendors, landlords and creditors in the event that a business slowdown could trigger a default situation.
5. Consolidate essential administrative and coding resources into a single document for remote workers.
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Independent ASC created as alternative to hidden surgical prices
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.