During this COVID-19 pandemic, the loss of provider inpatient (IP) and outpatient (OP) volumes is creating a strain on balance sheets for US hospitals. Open inventory at the beginning of this period will delay the cash-collection falloff, but it will occur almost assuredly. It is important to focus on immediate remedies and revised accounts receivable (AR) follow-up activities as we prepare for this cash-collection shortfall.

Read the full alert.