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Conversion of Non-Profit Hospital to Foundations
Contemporary Health Care, Inc. (EXEC) and our affiliated company, Contemporary Health Care, Inc. (CHCI) provide expert health care consulting services to hospitals, health systems, governmental entities, foundations, ambulatory care providers, and physician groups. Our core services include for example, strategic and business plans, feasibility studies, ambulatory care program conversions, health care joint ventures, and financial/reimbursement studies.
Clearly, with our principals’ and consultants’ expertise averaging 25+ years each of health care operational and consulting experience, CHCI has been in the forefront relative to community health and access issues and other health care activities that foundations are created for and generally carry out as a result of conversion of nonprofit hospitals to for-profit status. As the newly formed foundation now shifts direction from health care bricks and mortar dollars towards cost-effective preventive and primary health care for those of greatest need in their community, our services are in constant demand for community-based primary care development.
Our engagements to foundations include for example, environmental scans and comprehensive community needs assessments; ambulatory care program and service development, i.e. Federally Qualified Health Centers (FQHC), and implementation. These engagements are a boost to the community relative to creating access and concurrently, correlate to the mission of the foundation created as a result of the for-profit conversion, ensuring that the assets of the charitable entity are continued to be used for charitable purposes in their community.
Further, in an era of diminishing reimbursement, health care industry closures, and balanced budgets, we work with foundations and other health care organizations regarding development of new partnerships and collaboration. These relationships build upon and strengthen funding partnerships supported by foundations, ensuring the ability of a community-based health care organization to attain financial sustainability. We at CHCI would welcome the opportunity to put our expert health care consulting expertise to work for your foundation and community. Please call us at 732-974-7200 to discuss in greater detail or visit us at www.execresources.net.
Contact us, and we'll be happy to tell you exactly how we can address your particular institutional situation.