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Now Available: Are Hospitals Ready for a Recession? by Alexandra Harkness Normington, Associate Chief Communications & Marketing Officer, Cook County Health. 🎧 Listen Here: Apple Podcasts>>> https://lnkd.in/dyyjPs4d Spotify>>> https://lnkd.in/dbkCvSaQ Episode 5 examines the potential impact of an economic downturn on hospitals and healthcare systems in the US. It highlights that hospitals, particularly those with thin profit margins, could face significant financial strain similar to the Great Recession, as consumer healthcare utilization patterns shift during economic uncertainty. The episode highlights how reduced elective procedures, declines in charitable contributions and investment income, and increased self-pay patients could all contribute to revenue losses for hospitals. It stresses the importance of hospitals preparing now by exploring cost reductions, expanding outpatient services, enhancing service lines, and forming strategic partnerships to bolster financial resilience and maintain community healthcare access during periods of economic stress. Subscribe Here>>> https://lnkd.in/dRPh_Aws   The audio series features in-depth research conducted by Juniper Advisory and other health system M&A experts. Is your Health System Team Ready for What’s Next? A Recession or More Malaise? by Adam Davis, Vice President, and Brent McDonald, Managing Director, Juniper Advisory, Bart Walker, Partner, and Kayla McCann Marty, Partner, McGuireWoods LLP. Read Article>>> https://lnkd.in/gTQX9cBW   #HealthcareEconomics #HospitalManagement #HealthcareFinance #EconomicRecession #HealthcareStrategies #HospitalLeadership #HealthcareChallenges #FinancialResilience #CommunityHealthcare #StrategicPartnerships

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