Post #4: Irma Creating Financial Troubles
For this week’s blog post I wanted to explore a specific area in the health field that I may want to pursue as a career. I am taking a class called Health Care Financial Management. This is my first class on anything related to finance and so far I have been enjoying it. So, for this blog I am pairing my interest and the current news event, Hurricane Irma. I discovered an article from HFMA titled, Florida Hospitals to Feel Long-Term Impact of Irma: PwC . This article talks about all of the impacts hospitals faced when Irma happened. Hospitals in general are expensive to maintain and develop from staffing to purchasing technology. As a CFO they are constantly making decisions about what is worth spending thousands of dollars. When a disaster hits there are even more financial troubles. This article specifically states, “Hospitals can face closure, unpredictable revenue cycles, disrupted supply chains, credit downgrades...