As behavioral health providers continue to adapt service delivery and operations in response to the COVID-19 pandemic, financial management and sustainability are increasingly areas of concern. To support providers in navigating these unprecedented times financially to sustain operations, the National Council, with support from the Delta Center for a Thriving Safety Net, engaged CohnReznick to provide a COVID-19 Financial Response Strategy ECHO Series. This three-part series provides guidance on financial/operational strategies for remaining financially viable during these trying times.
Who should join? This series is open to all, however content in these sessions will be most applicable to leadership and financial management staff of community behavioral health organizations.
What can I expect? ECHO trainings are designed to leverage technology and integrate education, case-based learning and peer sharing of best practices to facilitate successful learning and dissemination. We ask participants come prepared to fully engage and speak up, share their experiences and ask questions. These sessions will have limited spaces, so register now. Recordings will be made available after each session.
Session 1: Extending the Runway – Weekly Cash Flow Projections
Practical guidance and case studies on assessing today’s cash situation and developing a plan and control/monitor short-term activities and navigate cash flow constraints due to the COVID-19 pandemic.
Session 2: Extending the Runway – Leveraging Stimulus/Relief Efforts
Review of relief packages available to behavioral health providers and case studies/experiences from the field in accessing these financial relief efforts.
Session 3: Sustaining the New Normal
Guidance on evaluating the “levers” that can be pulled to stabilize operations in the new normal, such as improving forecasted cash flows including staffing adjustments, revenue opportunities and extending credit.