What’s next? How EMS can survive the economic downturn
By Guillermo Fuentes, MBA
Fitch & Associates
What is keeping you up at nights as EMS leaders? With COVID-19, there is the immediate risk to the population you serve, the staff you must take care of, the supplies you require and the money required to make the operations continue. Political leaders at all levels are pledging support, but as the crisis continues, all leaders will have a tough time turning away public safety needs. But what comes “next?”
What lies over the horizon of new realities? First and foremost is what will tomorrow’s economy look like? A world-wide economic shut down has never happened, so there is no real-world example to lean on; there are only models. Recessions and recoveries are described by three models;