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CHC Launches Free Financial Dashboard To Monitor COVID-19 Funding And Costs

Community Hospital Corporation has launched a free downloadable financial dashboard for tracking and monitoring of COVID-related funding and costs.

The complimentary COVID-19 Financial Dashboard https://communityhospitalcorp.com/covid-19-financial-dashboard-landing/ , which CHC developed for its network of community hospitals, is an Excel file designed to help all community hospitals to manage cash flow and ensure that all COVID-related government funding opportunities are properly vetted and tracked in one place.

See the June 2020 coverage in Hospital & Healthcare...


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How to Gauge Your Hospital’s Financial Health

Some rural hospitals that were already struggling are now in serious financial trouble due to the coronavirus. The suspension of elective surgery and non-urgent care in most states led to an abrupt drop in patient volumes and hospital revenue. That loss, combined with the cost of preparing for COVID-19 protections for patients and employees, has forced rural hospitals into deeper distress. It’s especially important in these challenging circumstances to keep a close eye on key metrics that gauge a hospital’s financial health.

By monitoring indicators, creating transparency and responding swiftly...


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Coronavirus Pandemic Transforming the Future of Rural Healthcare

By Brian Doerr, Senior Vice President of Information Technology & Security and Privacy Officer, Community Hospital Corporation

The need to quarantine has been an important catalyst for telehealth and is reshaping how community hospitals deliver care. Once sparingly used in rural areas, telehealth is a primary means to maintain healthcare services at a time when it’s critical to reduce the spread of COVID-19.

In recent weeks, the spreading virus has spurred a growing number of rural and community hospitals to launch or expand telehealth services.

See the full article in...


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Innovative Companies Mend Coronavirus-Disrupted Supply Chain for Rural Hospitals

By Jon Pruitt, Senior Vice President, CHC Supply Trust

Since the coronavirus pandemic reached the country’s shores and rapidly spread inward, the nation’s smaller hospitals have struggled with a global supply chain strained by a once-in-a-century public health crisis.

But, thankfully, American ingenuity has been hard at work. Both large and small companies have found innovative ways to help rural hospitals faced with dwindling personal protection equipment (PPE) desperately needed to treat patients infected with the virus and other acute illnesses.

See the full article in HealthCare Business Today, May...


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Shore Up Your Cybersecurity

Healthcare Providers are a Prime Target for Hackers

by Brian Doerr, SVP, Information Technology, Security and Privacy Officer, Community Hospital Corporation

The healthcare industry is a top target for cyberattacks in general — and ransomware in particular. That’s because patient data is more valuable than basic identity information. To give an example of its worth, medical histories can be sold and the data used for alternative, unethical purposes. But most cybercriminals use ransomware to disrupt operations — and patient care — in order to coerce healthcare providers to pay a...


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Hospital Turnarounds Start with an Operational Assessment

Troubled community hospitals can begin to reboot by parlaying an evaluation of operational performance into an action plan. This path leads hospitals from survival mode to a strategic mindset so they can do more than just keep the doors open. A comprehensive operational assessment and accompanying action plan help improve overall operations including critical areas such as revenue cycle, supply chain, staffing and leadership.

Read more, as posted to Becker’s Hospital Review, April 24,...


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Outsourcing of emergency departments getting more complicated

North Texas Medical Center decided to switch the contracted physician group that staffed its emergency department in 2015, seeking better service and quality.

The rural hospital had long been outsourcing its ED operations primarily because it has struggled to recruit and retain doctors. It is one of an estimated 4,000 U.S. hospitals that outsource their EDs, many of which routinely shop around for better options

“It’s hard to recruit folks to rural areas. Having a provider group with a large panel gives us peace of mind that we will always...


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Walker County Hospital District and Community Hospital Corporation Sign Agreement

The Walker County Hospital District (WCHD) Board of Managers and Community Hospital Corporation (CHC) have created a new company that will own and operate Huntsville Memorial Hospital (HMH), Huntsville, Texas. The agreement was effective February 28, 2020.

Read the report in Becker’s Hospital Review, March 2,...


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Financially strapped Texas hospital gets new owner

Walker County Hospital Corp., which operates Huntsville (Texas) Memorial Hospital, created a new company with Community Hospital Corp. that will own and operate the financially struggling Huntsville Memorial, according to The Huntsville Item.

The new company, Huntsville Community Hospital, was made under an agreement that took effect Feb. 28. The new entity will control the 123-bed Huntsville Memorial, which serves a population of more than 72,000.

Read the full report in Becker’s Hospital Review, March 2,...


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Huntsville Memorial Hospital under new ownership

PLANO, Tex. (KBTX) – Huntsville Memorial Hospital is under new ownership.

In a release sent Friday, Community Hospital Corporation announced a partnership with the Walker County Hospital District to create a new company to oversee the hospital. The newly created company is called Huntsville Community Hospital, Inc. The new ownership takes effect Friday.

Read the full report by KBTX-TV3, Feb. 28, 2020.

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