The Latest in Financial Stabilization and Recovery Options for Hospitals and Health Care Businesses (On-Demand Webinar)

Date: 01/26/21 
Time: On Demand

Overview: The COVID-19 public health emergency has dramatically altered the operations and finances of most health care entities. For the many rural and safety net hospitals that were already in financial distress prior to the public health emergency, as well as the many that were not, COVID-19 is a complication that continues to have challenging impacts on how they finance and deliver care. Even after the public health emergency ends, 2021 may be a challenging year for hospitals and other health care providers as they recover from the unprecedented needs and disruptions of 2020. One estimate is that most hospitals would have to run at 110% capacity for six straight months to make back what was lost—a near impossibility. Based on a series of case studies, this webinar will discuss the go-forward options and related legal pitfalls for hospitals and other providers that are struggling, but still needed to provide and/or expand care in the community. Topics will include counsel’s role in, and what counsel needs to know about, seeking additional Federal and state aid, obtaining insurance recoveries, restructuring with and without bankruptcy protection, undertaking a distressed asset sale, and options and affiliations for scaling operations to fit pandemic needs and finances. 

Speaker Information: 

  • Gary Torrell, Partner, Hooper Lundy
  • Steve Clapp, President and CEO, Strategic Healthcare Advisors
  • Todd BaumgartnerMember; Chair, General Corporate, McDonald Hopkins
  • David Weil (Moderator), Executive in Residence - Legal Issues in Management, Tennessee State University
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