8 BEST PRACTICES TIPS TO COPE IN TIMES OF ECONOMIC VOLATILITY

8 BEST PRACTICES TIPS TO COPE IN TIMES OF ECONOMIC VOLATILITY

Risk Management Report from The Hackett Group - Preparing the Company for Extreme Economic Volatility

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The healthcare industry is under immense strain from the pandemic. Many of the challenges faced by healthcare organizations prior to Covid-19, such as rising costs, decreasing margins and depleting cash reserves have been drastically enhanced. So, the need for change is dire. Healthcare delivery systems must become more efficient and productive.
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In the last decade, financial regulation has grown tremendously with restrictive capital requirements, stricter risk management obligations and new data privacy laws. Abiding by this broad regulation corpus is not an option anymore, failing to do so jeopardizes the core business.