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Community Hospital 2.0

For years, community hospitals have been in crisis, with limited control over their situation. Could the next move be bold innovation? This white paper maps out possible paths forward including sustainable models of operation.

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News Room

Hospital lease goes into effect Dec. 1; name stays the same

The Gainesville Hospital District Board of Directors are now landlords.

Effective Saturday, Dec. 1, North Texas Medical Center is leased to and operated by Gainesville Community Hospital through an agreement between Plano-based Community Hospital Corp. and the Gainesville Hospital District.

NTMC spokeswoman Kristi Rigsby said the hospital is not changing its name as part of the transition and will remain NTMC.

Community Hospital Corp. formed GCH as part of what hospital district officials are calling a “joint venture” to help keep NTMC a viable hospital.

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News Room

North Texas Medical Center enters lease agreement

North Texas Medical Center, a 60-bed hospital in Gainesville, will be leased to and operated by an organization newly created by Plano, Texas-based Community Hospital Corp.

North Texas Medical Center, which is owned by the Gainesville Hospital District, began looking for a new management company in early 2018 after King of Prussia, Pa.-based Universal Health Services canceled its management agreement with the hospital.

Read the full article in Becker’s Hospital Review, November 29,...


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News Room

Rennova to expand footprint with acquisition of Tennessee hospital

West Palm Beach, Fla.-based Rennova Health entered a definitive agreement to acquire 54-bed Jellico (Tenn.) Community Hospital and an outpatient clinic in Williamsburg, Ky.

Jellico Community Hospital will be Rennova’s third acute care hospital. The company already owns Big South Fork Medical Center in Oneida, Tenn., and Jamestown (Tenn.) Regional Medical Center.

Read the full article in Becker’s Hospital Review,  November 26,...


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News Room

How financial distress forecasting can help hospitals avoid closure

Hospitals are increasingly experiencing financial hardships due to factors such as changing reimbursement models, lower patient volumes and more competition in some markets.

Amid these circumstances, some facilities find funding mechanisms or strategies, such as a system affiliation, to improve their financial picture and remain viable. However, others are forced to file for bankruptcy or close.

Read the full article in Becker’s Hospital Review, July 23,...


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White Paper

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Power in Partnership?

Community hospitals are evaluating partnerships as a path to financial viability. This white paper provides a roadmap to consider the pros and cons for your hospital.

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Blog

Top Concerns of Community Hospital CEOs

Asked to rank their most pressing concerns, most hospital CEOs and leaders put financial challenges at the top of the list, followed by governmental mandates and personnel shortages. In deeper discussions, though, it is clear that their most concerning issues intertwine in complex ways. While there are no simple solutions, this interconnection means that improvements in one area often bring about improvements in other areas. Faced with market- and reform-driven changes, wise leaders consider each challenge in its broader context for effective planning that takes all relevant factors into account.

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Solutions

Pondering a Partnership? Community hospitals evaluate relationships as a pathway to financial vitality

The Situation

Healthcare organizations today face unprecedented pressures. Sustained economic uncertainty, healthcare reform, the growing number of uninsured individuals and other forces cause smaller, community-based hospitals in particular to consider the pros and cons of forming a relationship with a larger institution.

In some cases, there is no choice — surrendering independence in exchange for resources is necessary for survival. But sometimes there are means by which a hospital can preserve its independence while securing its footing, not just for the time being but for the foreseeable future. Community Hospital...


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Case Studies

Need for “a la carte” consulting leads to CHC: Great Plains Health, North Platte, NE

The Situation

Many hospitals come to Community Hospital Corporation (CHC) in critical condition. Others come to optimize their good health. Great Plains Health in North Platte, Nebraska, is hale and hearty, with robust finances and a governing board that asks smart questions. Managed for nearly 25 years by an outside organization, Great Plains in 2009 began to question the partnership’s value and looked instead for an advisory partner to provide specific hospital consulting services according to need. Hospital leaders tapped CHC Consulting, the management and consulting arm of CHC, leading...


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Case Studies

Turnaround program improves hospital’s profile and prospects: Memorial Health System of East Texas, Lufkin, TX

The Situation

After six decades of regional prominence, Memorial Medical Center-Lufkin, the flagship hospital of a four-campus system in East Texas, weathered a multi-year trend of dwindling patient volume and cash reserves resulting in a bond rating downgrade. Determined to get back on track, hospital leaders hired CHC to design and implement a hospital turnaround program to restore the facility’s financial health and credit, as well as the system’s prospects as a whole. Recently, the system announced a strategic partnership made possible in part by the turnaround program’s impressive results.

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