Blog

    Lessons for Leaders of Distressed Hospitals

    GUEST BLOG

    By Anthony Sudduth, CEO, 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 but a comeback story and an inspiration.

    The SHS turnaround is a bright...


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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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    Videos

    CHC Contribution

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

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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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    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

    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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    White Paper

    FREE DOWNLOAD!

    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.

    DOWNLOAD NOW >