Preserving Provider Cash Flow During the 2020 Pandemic
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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.
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