Services | Board Advisory Services
Board Advisory Services
understand that many hospital board members are not familiar with
the unique aspects of facility/financing projects. It is not uncommon
for the process to start with an architectural firm, who begins the
facility planning by interviewing hospital personnel, then oftentimes
develops a plan that far exceeds the expectations of the board, which
temporarily ends the planning process.
Our approach avoids this
pitfall. We first determine, with architectural assistance,
the needs of the hospital, then provide preliminary financial parameters
to the architect to consider as they develop alternatives. These
preliminary financial parameters are developed based on the hospital's
debt capacity, cash position, anticipated other equity sources,
and other factors. Basically, we will not bring plans to the
board that are simply not affordable. We enable the board
to better perform their oversight duties.
Let HCR bring capital to YOUR hospital. Contact us today!