Mass General Brigham, the state's largest health care network, said patient revenue would fall as much as $1.5 billion short of its forecast for the year because of disruptions caused by the coronavirus pandemic.
The company, formerly known as Partners HealthCare, issued the estimate Friday along with financial results showing an operating loss of $373 million in the quarter ended June 30. The loss, its largest ever, compared with an operating profit of $156 million in the same quarter a year earlier. Operating revenue fell 13 percent to $3.1 billion.
Many things are taking place:
TheatreSquared in Fayetteville appoints Todd Simmons board president - Talk Business &
Fayetteville-based TheatreSquared (T2) has named Simmons Foods CEO and Vice Chairman Todd Simmons its new board president.
Simmons replaces Lynn Donald Carver, who was board president for six years as the company's budget and attendance tripled, and T2 completed construction on a new, $31.5 million venue in downtown Fayetteville.
Simmons' appointment was one of several board and staffing changes announced Friday (Aug. 7) as the performing arts company says it's preparing for a return to performances this fall.
Freight industry alters budgets, embraces technology amid pandemic - Talk Business & Politics
Companies have modified their supply chains in the wake of the COVID-19 pandemic that's led to layoffs, bankruptcies and business closures. Yet, the freight industry adapted to the pandemic by making changes to planned spending and resource allocation.
Recent reports highlight some of the changes the industry made. A report from DDC FPO, a freight-focused division of The DDC Group, showed that almost every business had been impacted in some way by COVID. And a whitepaper by Flock Freight explains technology has been critical to success for shippers, carriers and freight brokers during the pandemic.
Appraisal budget rises as Integrity software comes online | Daily Mountain Eagle
The Walker County Commission heard Monday that the appraisal budget will be 23 percent larger this coming fiscal year as the county will be adjusting to new software, but the state is picking up most of the increase.
Commissioners approved the Fiscal 2021 appraisal budget, which is always done in advance of the rest of the budget due to state deadlines. The state pays 80 percent of the budget.
Denny Key, administrator of appraisal and mapping, noted the budget was rising from just over $1 million to $1.24 million, a 23 percent increase, the majority of which is due to the transition in using new software from Integrity in Pelham, which has provided software recently to other county offices.
Quite a lot has been going on:
After Taking a Pandemic Hit, Billboard Ad Companies See Signs of Hope - The New York Times
Jeremy Male is an executive in a branch of the advertising business — billboards — that took a huge hit in the spring. So he was heartened by what he saw this week on his commute from Greenwich, Conn., to his office in Manhattan.
Through the windows of the Metro North train and on his walk from Grand Central Terminal to the Chrysler Building, Mr. Male saw ads, ads, ads.
In an earnings report on Wednesday, Mr. Male said Outfront Media's overall revenue for the second quarter of 2020, a three-month period of pandemic-related lockdowns across the United States, had declined nearly 50 percent from a year earlier.
Will Chicago's arts and culture nonprofits survive?
Lyric Opera of Chicago raised $10 million with its Heroes Fund, which helped turn a projected $27 million loss into a $10.6 million loss.
Shedd Aquarium usually teems with visitors this time of year—a daily count of 7,000 to 12,000 tourists and locals streaming through the vintage structure, gazing in awe at the animals who call the Shedd home. Not this summer, though. After being closed for 109 days due to COVID-19, the Shedd reopened July 3 but is allowing only 3,000 visitors a day to ensure room for social distancing.
JOHNSON: Budget offers minimal impact on services, good fiscal management - Midland
Midland County Judge Terry Johnson, with Commissioners Luis Sanchez and Randy Prude, as well as other commissioners, listen to presentations to the court 02/11/2019. Tim Fischer/Reporter-Telegram
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Over the past two months I have held numerous budget meetings with the county auditor, departments heads and elected officials. They and their staffs have worked tirelessly to make budget request that were fiscally responsible, streamlined due to our economic downtown brought on by the foreign oil markets and COVID-19 and consistent with the priorities the commissioners and I outlined at our retreat last spring.
How can security leaders maximize security budgets during a time of budget cuts?
It's no secret that the current pandemic is causing a major strain on consumers and businesses alike. As the U.S. teeters on the verge of a recession, companies are cutting their spending wherever they can — including in cybersecurity. Gartner estimates that security faces cuts as high as $6.7 billion — an unfortunate outcome, particularly since most organizations are also experiencing an expansion of their attack surface as a result of more people working from home.
In some ways, cuts in security budget aren't surprising. Security has experienced growing budgets for years, but many security professionals have a hard time explaining to executives and board members what, exactly, they're getting for the spend. Executives have struggled to understand cyber risk for some time, and in a tough economic environment, security is easier to put on the chopping block if it is perceived as a "tax" on the business.
Happening on Twitter
New York: -crime spiking to highest levels in decades -out of control rioting -mass law enforcement retirements Ne… https://t.co/SM3XvJMqrp RepGregSteube (from Sarasota, FL) Fri Aug 07 17:22:39 +0000 2020
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