Cash, Cash Conversion Cycle, Inventory and COVID-19

Authors

  • Soumya Upadhyay, PhD, MHA Department of Healthcare Administration and Policy, School of Public Health, University of Nevada Las Vegas‎, NV, USA
  • Dean G. Smith, PhD School of Public Health, Louisiana State University Health Sciences Center – New Orleans, LA, USA

Abstract

In recent years, hospital cash balances and cash conversion has been largely stable in Washington State hospitals, with the only increase coming in terms of increasing inventory. At current levels, cash is in short supply at many hospitals. While increasing inventory would appear to be a good move in light of the COVID-19 pandemic, inventory is not a single generic item. Hospital inventory is comprised of literally thousands of supplies and medications, only a few of which are critical. Hospital financial viability could be threatened by insufficient liquidity.

Keywords: COVID-19, liquidity, cash, inventory

Author Biographies

  • Soumya Upadhyay, PhD, MHA, Department of Healthcare Administration and Policy, School of Public Health, University of Nevada Las Vegas‎, NV, USA
    Department of Healthcare Administration and Policy, School of Public Health, University of Nevada Las Vegas‎, NV, USA
  • Dean G. Smith, PhD, School of Public Health, Louisiana State University Health Sciences Center – New Orleans, LA, USA
    School of Public Health, Louisiana State University Health Sciences Center – New Orleans, LA, USA

References

Please see the article for references.

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Issue

Vol. 46, No. 4, Spring 2020

Section

Articles