News Room

A Turnaround Story: Southwest Health System

A recent blog post by Community Hospital Corporation (CHC) details the situation that caused Southwest Health System to reach out to CHC for assistance in early 2018, the plan they created to turn around the hospital, and the final results to date.

When the Southwest Health System (SHS), in Cortez, Colorado, contacted Community Hospital Corporation (CHC) early in 2018, the hospital had violated various bond covenants associated with its $30 million expansion and renovation project. In fact, the organization had failed to meet the 80 days-cash-on-hand requirements for four consecutive...


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News Room

Lessons for Leaders of Distressed Hospitals

A recent guest blog by Community Hospital Corporation (CHC) featured tips for successful turnaround by Anthony Sudduth, CEO of Southwest Health System.

Last year, Southwest Health System (SHS), in Cortez, Colorado, found itself in the midst of a significant financial crisis. The hospital had violated bond covenants associated with a $32 million building project, failing to meet the 80 days cash-on-hand requirement for four consecutive quarters. This violation triggered technical default, which could have led to bankruptcy and closure. Instead, SHS acted swiftly and decisively, becoming not a cautionary tale...


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News Room

ContinueCARE Hospital at Baptist Health Corbin Recognized for Excellence

ContinueCARE Hospital at Baptist Health Corbin, a Long Term Acute Care Hospital (LTACH) located in Corbin, Kentucky, is proud to earn designation as a Respiratory Center of Excellence by the Center for Improvement in Healthcare Quality (CIHQ)—the first facility in the country to receive this specific CIHQ designation for respiratory therapy.

Read the full report in Becker’s Hospital Review, June 7,...


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Case Studies

A Turnaround Story: Southwest Health System

The Situation

When the Southwest Health System (SHS), in Cortez, Colorado, contacted Community Hospital Corporation (CHC) early in 2018, the hospital had violated various bond covenants associated with its $30 million expansion and renovation project. In fact, the organization had failed to meet the 80 days-cash-on-hand requirements for four consecutive quarters. This violation triggered technical default, which could have led to hospital bankruptcy
and closure.

Lenders concerned with the financial situation communicated with the board directly and required an outside consulting firm to evaluate the situation and develop a...


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Press Releases

ContinueCARE Hospital at Baptist Health Corbin Recognized for Excellence

Plano, TX (June 5, 2019) – ContinueCARE Hospital at Baptist Health Corbin, a Long Term Acute Care Hospital (LTACH) located in Corbin, Kentucky, is proud to earn designation as a Respiratory Center of Excellence by the Center for Improvement in Healthcare Quality (CIHQ)—the first facility in the country to receive this specific CIHQ designation for respiratory therapy.

“We are proud that our commitment to quality patient care has led to excellence and fulfillment of the highest CIHQ standards,” said Tommy Le, CEO, ContinueCARE Hospital at Baptist Health Corbin. Le’s leadership...


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News Room

Community Hospital Corporation Named Great Place to Work

PLANO, Texas, May 30, 2019 /PRNewswire/ — For the fourth time, Community Hospital Corporation (CHC) has been named among the 150 Great Places to Work in Healthcare by Becker’s Hospital Review. CHC is honored by this recognition, announced May 21, 2019.

CHC also received this award in prior years 2015, 2016 and 2018.

Read the full coverage on PR Newswire, May 30, 2019.

...

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Press Releases

Community Hospital Corporation Named Great Place to Work

Plano, TX (May 29, 2019) – For the fourth time, Community Hospital Corporation (CHC) has been named among the 150 Great Places to Work in Healthcare by Becker’s Hospital Review. CHC is honored by this recognition, announced May 21, 2019.

CHC also received this award in prior years 2015, 2016 and 2018.

CHC extends congratulations to Great Plains Health, North Platte, Neb., a CHC Consulting community hospital client that also made the 2019 list.

See the full 2019 list.

“CHC is honored to be recognized as part of Becker’s prestigious...


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News Room

The Future of Rural Hospitals

How to remain relevant and sustainable by meeting challenges with change by Jim Kendrick, President & CEO, Community Hospital Corporation

At rural hospitals coast to coast, business practices that hospital leaders once counted on as tried-and-true are uncertain or unreliable. Today, a renaissance of fresh approaches and change is occurring. Since the landscape is so different for rural hospitals today, it’s time to consider innovative ways to serve communities. In this interview, Jim Kendrick, president and CEO of Community Hospital Corporation, urges rural hospital leaders to rethink community healthcare. His...


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Press Releases

Carolinas ContinueCARE Hospitals Step Up to Help the Charlotte, North Carolina Community

Charlotte Strong Stride Set for June 1

Charlotte, NC – May 16, 2019 – When tragedy hit at the University of North Carolina at Charlotte on April 30—a shooting resulting in two deaths and four others injured—it was close to home for Carolinas ContinueCARE Hospitals, in many ways.

“Heartbreak spread throughout the community and close to home,” said Jennifer Fair, Managed Care Specialist and Public Information Officer for Carolinas ContinueCARE Hospital at University. Her daughter is a UNC-Charlotte graduate. “The university is located right in the backyard of our hospital...


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Press Releases

Community Hospital Consulting Helps Hospitals Reduce Credit Card Processing Fees

PLANO, Texas, May 7, 2019 /PRNewswire/ — Every dollar captured contributes favorably to the bottom line, especially important for rural hospitals facing thinning margins, declining profitability and higher fixed costs. That’s where credible, credit card processing comes in.

The need to do more with less in a competitive healthcare economy cannot be overstated, as rural hospitals seek innovative ways to reduce costs.

A free savings analysis is available at: https://www.unifiedbusiness.com/.

“Community and rural hospitals may be taking their current credit card processing system and statements at face value by accepting...


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