An Alternative for Addressing the “Capital Crunch”
Posted by Chauncey on February 1, 2009
Tom Iglehart of Care Commons in Boston sent us this article from the January 23, 2009 issue of <Healthcare Finance News>.
The article says that nearly half of the hospitals surveyed* over the last two months have postponed projects that were to begin within the next six months, and many have stopped projects that were already in progress.
‘The vast majority of hospitals surveyed reported that borrowing funds through tax-exempt bonds – the main source of borrowing for most hospitals – is difficult or impossible. Loans from banks or other financial institutions are similarly difficult to obtain, and net income is down and philanthropic donations have slowed.’
Are you a clinician who needs space but is caught in the “capital crunch”? Surgical suites? Patient rooms? Technical space? Medical office space?
Do you know a clinician whose capacity to work is impacted by the “capital crunch”?
There is an alternative. Call CareCyte. We make healthcare facility and operating budgets go a lot farther.
* From a survey by the American Hospital Association, “Report on the Capital Crisis: Impact on Hospitals,” including data from 639 hospitals collected from late December 2008 to January 6, 2009.
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