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Related Experiment Videos

Where's the money?

Karen Sandrick

    Trustee : the Journal for Hospital Governing Boards
    |June 9, 2004
    PubMed
    Summary

    Small rural hospitals can obtain capital for renovations and new equipment, regardless of their size or location. Administrators and trustees should not assume that limited resources preclude necessary facility and technology upgrades.

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    Area of Science:

    • Healthcare Administration
    • Rural Health Management

    Background:

    • Small rural hospitals face unique challenges in capital acquisition.
    • Perceptions exist that size and location limit access to funding for these facilities.

    Purpose of the Study:

    • To challenge the notion that small rural hospitals cannot secure capital.
    • To inform administrators and trustees about capital acquisition possibilities for rural facilities.

    Main Methods:

    • Analysis of capital acquisition trends in small rural hospitals.
    • Review of financial strategies employed by rural healthcare facilities.

    Main Results:

    • Hospital size and geographic location are not insurmountable barriers to obtaining capital.
    • Various funding avenues are accessible to small rural hospitals for essential investments.

    Conclusions:

    • Small rural hospitals can successfully acquire capital for renovations and technology.
    • Strategic financial planning can overcome perceived limitations for rural hospital development.