The impact of the COVID-19 crisis on liquidity challenges faced by healthcare providers has been unexpected, profound and immediate, requiring providers to take quick action to maintain viability in the face of reduced cash collections.
  • Webinars

    BDO webinars bring our community together in an online setting
    to connect with each other and share insights into the topics and trends.

Healthcare on the Other Side: Repositioning for Financial Stability

July 09, 2020
1:00 PM to 2:00 PM EST

Stacey Lesanto
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  • Summary
  • Discussion Topics
  • Presenters

The impact of the COVID-19 crisis on liquidity challenges faced by healthcare providers has been unexpected, profound and immediate, requiring providers to take quick action to maintain viability in the face of reduced cash collections.


Co-Sponsored with:

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In this webinar, co-presented by leaders of The BDO Center for Healthcare Excellence & Innovation and lawyers of Jones Day, the topics to be covered will include:

Corporate Governance – As liquidity gets tight, boards need to be aware of the importance of evaluating all options, along with board process and good corporate governance.

Liquidity and Capital Structure – Providers need to evaluate potential tripwires associated with their debt and anticipate debt service relief down the road. Providers should also consider broader options, such as modifications to certain long-term contracts, including collective bargaining agreements and other supply arrangements.

Alternative Capital Options – As the more traditional bank and bond markets tighten, providers should consider alternative forms of capital raising, monetizing of noncore assets through divestitures, investor-backed joint ventures, and other creative financing transactions.

Partnering Options – Depending on the circumstances, providers may need to considerinnovative and discrete joint ventures, targeted service-line joint ventures, or even more comprehensive transactions. These partnering arrangements may provide the opportunity to overcome significant debt and pension obligations, obtain capital for routine and strategic needs, and gain access to limited panel payer arrangements.
Moderator
Patrick Pilch

Managing Director & National Leader
The BDO Center for Healthcare Excellence & Innovation
 
Presenters
Tom Dutton

Partner, Jones Day
 
Alex Gendzier
Partner, Jones Day
 
Jim Loughlin
Managing Director, Business Restructuring & Turnaround Services,
BDO USA, LLP
 
Cortney Marcin
Managing Director, Healthcare Advisory,
BDO USA, LLP