85% Of Healthcare Executives Planning Aggressive Cost Cuts to Lessen Financial Impact Of COVID-19

Commentary by: Todd Perman, CCIM, Vice Chairman, Global Healthcare Services

Health systems are continuing to take urgent steps to mitigate the financial losses caused by the COVID-19 pandemic. A recent survey shows 85% of healthcare CFOs are planning significant reductions in expenses. Health system CFOs noted they have already begun cost reduction efforts, such as vendor renegotiations and reduced staffing, and plan to look to real estate cost savings opportunities including asset optimization and improved ambulatory access in the months ahead.

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