Thursday, September 19, 2019 | 8:30 AM - 9:30 AM
Open to Conference Attendees Only
Rebuilding Rural Healthcare
Principal, Hord Coplan Macht, Inc.
Vice President Facilities and Construction, MidMichigan Health
President of MidMichigan Medical Centers in Clare and Gladwin, MidMichigan Health
Since 2005 more than 120 rural hospitals have closed, with more than 200 others showing a significant financial risk to close in the near future. Moving against that trend, MidMichigan Health has acquired two at-risk hospitals in recent years and made strategic investments to revitalize them within their local communities. This session will study why MidMichigan Health acquired these hospitals, and how they are deciding which investments to make throughout their five rural hospitals. We will share our hospital facility master plans that demonstrate future service line projections, and tools to evaluate what investments to make. These plans prioritize revenue generating space, and flexibility and evaluate renovating a rural hospital in place versus completely replacing the facility. Finally, we will demonstrate the tangible benefits these hospitals provide to their local communities, and the importance of keeping full-service acute care hospitals close to where people live.
- Understand the external challenges that rural hospitals face.
- Demonstrate the patient and community benefits of keeping rural hospitals open.
- Evaluate the types of capital investments that are most likely to support long-term success.
- Learn how to maximize the impact of new construction projects.