Nova Southeastern University Pandemic Financial Impacts and Mitigation Discussion – Question Description
I’m working on a nursing discussion question and need the explanation and answer to help me learn.
Financial Impacts – decision-making processes
Health care organizations (HCOs) will need to make changes due to the pandemic. As a future health care leader, how will you address issues like the pandemic from a financial perspective?
Describe the financial effects a pandemic like COVID-19 has on HCOs, as well as proactive ways HCOs can mitigate these financial impacts. A few issues to consider – the accounting method to use, human and physical resources (staffing shortages, space requirements, ventilators, N95 respirators, other PPE, virtual healthcare delivery, etc.)
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