Healthcare Policy Summary Discussion Roundtable Topics

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Presentation transcript:

Rural Community Infrastructure Roundtable Healthcare Facilities and Policy July 24, 2018

Healthcare Policy Summary Discussion Roundtable Topics   Healthcare Policy Summary Discussion Roundtable Topics Healthcare Facilities’ vital role in Rural Communities Financing opportunities and programs in rural healthcare markets Measuring and managing credit risks for healthcare facilities Best Practices in Healthcare Financing

Healthcare Policy Summary Discussion America has the best doctors, the best nurses, the best hospitals, the best medical technology, the best medical breakthrough medicines in the world. There is absolutely no reason we should not have in this country the best health care in the world...Dr. William Frist

At $3. 2 trillion and 17. 5 percent of GDP, the U. S At $3.2 trillion and 17.5 percent of GDP, the U.S. devotes at least 50 percent more of its economy to health care than do other countries.

Significant Healthcare Industry Issues 2018 “Health reform isn’t over, it’s just more complicated” Medicare Advantage swells with aging demographics. High deductible and co-insurance increases bad debts. Opioid Crises The Patient Experience is changing. Doctors spend less than 30% of their time on patient contact. (11 seconds) Telemedicine Access to medical care in rural communities is diminishing

Healthcare Facilities’ Vital Role in Rural Communities Recruiting new Businesses Largest Employer Taxes Advantages of a Healthy Population

Financing Opportunities and Programs in Rural Communities Hospitals Behavioral Health Assisted Living Nursing Homes Equipment Replacement Medical Office Buildings

Rural Community Medical Centers

Unprofitable Rural Hospitals

Measuring and managing credit risks for healthcare facilities Stress Tests and Key Performance Indicators Early Detection and Intervention “A Coughing Canary in a Gilded Cage” Reaching out to the Governing Board Site visits Operational Assessment

Key Performance Indicators

Best Practices in Healthcare Financing Case Studies in rural health delivery Accelerating the process in healthcare lending  

Best Practices Governing Board Involvement Improving the quality of staffing and building physician relationships Upgrading medical and technology systems; Creating operational efficiencies Investing where increased profitability results. Developing Strategic Alliances

Case Study: Hospital CEO Newsletter Since July, great accomplishments have been made at the Medical Center. We have doubled the average daily census, hired over 80 nursing personnel, decreased nursing agency from 85% to 22% and hired our own pharmacy department. We doubled our ambulance runs to the ER over prior year while decreasing our average wait time. We purchased a new echo machine and are currently installing a brand new $1.2 million dollar Cath lab. We have a new HR Director, CNO and Director of Business Development; The Volunteer program has added responsibilities. They are helping our patients and families be more comfortable. We scored ourselves very high on being friendly with our co-workers and the hospital being a great place to work. We have new doctors on staff (and more to join) and have renewed relations with our core group of physicians. We completed our Meditech conversion and hired our own business office. We have revised our pay scale in needed areas and done much work to ensure your comfort and safety at work. We have expanded the GeroPsych from 9 to 13 beds, added a cardiac rehab program and doubled our monthly cardiac procedures. We started an Employees Activity Committee and provided an opportunity for us to utilize our exercise equipment. In turn, you have been friendly, caring, outgoing and devoted. Thank you for a great start with the company.

Transforming Healthcare Strategic Partners New Technologies AI and Big Data Predictive Models for Targeting Care Individualized Treatment Recommendations

Thank you!