Blog

    Supply Chain Savings Support Mission-Critical Objectives

    Supply costs are one of the fastest-growing cost centers for hospitals. These spiraling expenses tend to hit community-based hospitals hard because many don’t wield enough purchasing power to command preferred pricing. Other hospitals, though larger or part of a health system, face unique supply chain challenges and concerns despite their greater purchasing power.

    Holding the line on supply chain costs is, or should be, a top priority for community hospitals of all sizes. By reducing supply costs and better managing the supply chain, a hospital can expand its savings margin...


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    Press Releases

    Community Hospital Consulting Drives Telecom Savings for Rural and Community Hospitals

    Plano, TX (August 21, 2018) – Not a day goes by that community hospitals don’t look for ways to reduce costs or identify savings. Yet there’s good news from the Federal Communications Commission (FCC) which recently increased its annual funding cap—from $400 million to $581 million*—for a program that helps support telecommunications services for rural and community hospitals.

    “Doing more with less while seeking savings opportunities or support funding is the norm for community hospitals,” said Jim Kendrick, president and CEO of Community Hospital Corporation (CHC) of Plano, Texas. “It’s not...


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    Videos

    Hospital Stability

    The financial sustainability of a hospital is critical to its success. CHC helps hospitals facing an uncertain future establish a path to long-term stability.

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    Case Studies

    Rural hospital leverages USAC funding to save on telecom services, provide better care – Yoakum Community Hospital, Yoakum, TX

    The Situation

    Yoakum Community Hospital’s antiquated data network and low-speed internet fell short of meeting today’s healthcare industry demands, including use of electronic health records. “We need to be up 24-7 with reliable connections and redundant circuits in case of a primary system failure,” says Crystal Harris, the hospital’s IT director. CHC leveraged federal USAC funding for IT upgrades including high-speed internet and disaster recovery. Citing improvements in patient care as well as operational and financial performance, hospital CFO John Olivares calls the upgrades a “quantum leap forward” for the...


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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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    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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    White Paper

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    Is Your Community Hospital Board Effective?

    Hospital boards are being held to a higher standard—and rightfully so—as they carry out their responsibility to chart a course for the future. This white paper offers practical methods to improve board performance.

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