A one-size-fits-all approach just doesn’t work when it comes to financing strategic projects, such as facility expansion, new technology and physician integration. When developing a capital funding plan for each goal, hospital leaders should be aware of the financing options and strategies available to them and determine which best fits their needs. This analysis should always be included as part of the strategic planning process.
This article, co-authored by Squire Sanders partner Peter A. Pavarini, takes a detailed look at the strategic goals of renovation or construction, IT upgrade and physician integration.
Reprinted from the January 2013 issue of hfm magazine. Copyright 2012 by Healthcare Financial Management Association, Three Westbrook Corporate Center, Suite 600, Westchester, IL 60154-5732. For more information, call 1-800 -252-HFMA or visit www.hfma.org.