Blog

    10 Ways to Improve Hospital Financial Performance Through Productivity Management

    The transition to value-based care has required hospitals to improve patient experiences and outcomes, all at a lower cost. In this model, hospitals are responsible for the cost differential, so the urgency around hospital financial performance improvement has intensified. One of the biggest opportunities for hospitals is managing staff productivity, which means maintaining the right number and mix of all staff based on patient diagnoses and volume. Optimizing productivity is paramount because labor is usually the greatest expense for hospitals.

    In CHC’s experience, almost every hospital has room to improve...


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    Press Releases

    Community Hospital Corporation Announces Strong Performance in 2018

    PLANO, TEXAS (Dec. 5, 2018) – Community Hospital Corporation (CHC), a national leader in community hospital operations, announced the company is concluding a strong year amid challenging times for community hospitals.

    “We are pleased with the momentum created in 2018, a year in which community hospitals are seeking ways to improve their performance and sustainability,” said Jim Kendrick, CHC CEO.

    Doing more with less, while seeking savings or support funding, has become the norm for community hospitals. Some not-for-profit providers operate within a 3% or less margin, so CHC helps...


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    Videos

    CHC Contribution

    CHC CEO Jim Kendrick explains how CHC helps Community Hospital improve their performance.

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    Case Studies

    Rural Hospital Model of Success: Yoakum Community Hospital, Yoakum, TX

    The Situation

    Over the past several years, small rural hospitals across the United States have been struggling to stay afloat. Yoakum Community Hospital was no different. Declining reimbursements, an unfavorable payer mix and sagging hospital operations had together created a negative bottom line for the hospital.

    “Before CHC came on board, we didn’t have the infrastructure or insight we needed to improve the hospital’s performance. Today, there is such a tremendous energy around here.”

    Karen Barber, CEO, Yoakum Community Hospital

    Background

    Yoakum Community Hospital...


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    Solutions

    Supply Chain Savings for Larger Community Hospitals

    Serving hospitals of all sizes, CHC Supply Trust understands that larger hospitals and health systems, despite their purchasing power, face unique supply-chain challenges and concerns. Chief among those concerns is finding a GPO that’s as trustworthy and attentive as it is effective at delivering the best products and services at the best value. Bringing experience and expertise to larger hospitals from Texas on up to Minnesota, and from Georgia west to Oregon, CHC Supply Trust is the right strategic partner for these complex organizations, leveraging their size and spend to...


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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.

    Read the full article in...


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    White Paper

    FREE DOWNLOAD!

    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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