Effingham Health 2011 Fall Update

  • View

  • Download

Embed Size (px)

Text of Effingham Health 2011 Fall Update

  • 8/3/2019 Effingham Health 2011 Fall Update


    As you know, Engham Hospital & Care Center has always had a mission to provide access and delivery

    of quality, cost-eective, community-based healthcare to all the citizens of Engham County.

    To accomplish our overall and constant mission, and to protect one of the countys most important assets,

    Hospital Authority members embarked on a journey that will ultimately secure the healthcare future of

    Engham County for at least the next 40 years and beyond.

    In 2008, mission Building a New Beginning was launched. From this starting point and through

    December of 2010, hundreds of community members, healthcare experts, sta members and

    champions for improving healthcare locally, joined together to reach a most important goal. On January 2,

    2011, ground was broken to make room for what will be known as Engham Health System, the new

    beginning for healthcare in Engham County.

    While the celebration of turning the dirt to symbolize this important milestone lasted just one afternoon, its

    eect still lingers. When construction of the new 58,000-square-foot facility commenced on January 3rd,

    the community began to watch the transformation of their hospital.

    Once completed, the $30-million project will create a complete medical campus designed to improve

    patient privacy, provide needed space to accommodate additional physicians and advancing technology

    and create room for additional and future community-based health programs, all while expanding

    essential healthcare services, including a designated Alzheimers unit.

    The construction of the new facility will also provide the space needed to bring many of the business

    operations out of the external oces they now occupy on the campus. The new hospital space is expected

    to open early 2012. The project has been and continues to be on schedule and on budget.

    Thank you for your continued support and interest in our growth and in the essential services we provideto the families living and working in this outstanding community.


    Richard Rafter Norma Jean Morgan

    Chairman Chief Executive Ocer

    Engham Hospital Authority Engham Hospital & Care Center

    Were counting down to a new beginning!

    Fall 2011

  • 8/3/2019 Effingham Health 2011 Fall Update


    Inpatient AdmissionsUp 73%

    Observation DaysUp 92%

    Emergency Room AdmissionsUp 40%

    Surgical CasesUp 106%

    Average Daily CensusUp 80%

    The Engham Hospital & Care Center Modernization

    Project received its funding through an FHA Section 242

    Hospital Mortgage Insurance loan from the U.S. Department

    of Housing and Urban Development (HUD).Total nancing of the project amounts to $30,940,000.

    Funding for the loan took the form of $28.6 million in

    Recovery Zone Economic Development Bonds (RZEDBs),

    which provide a 45% federal subsidy to reimburse

    Enghams annual interest cost. Taxable bonds funded

    the remaining loan amount of $2.3 million. With FHA 242

    Mortgage Insurance guaranteeing Enghams loan and

    Ginnie Mae securities collateralizing the debt, Enghams

    Series 2010 bonds received Standard and Poors highest

    credit rating of AAA. The combination of AAA rating and

    a 45% interest rate subsidy produced record low net interest

    and loan rates for Engham Hospital & Care Center.

    Important to note is that Enghams project was one in

    only ve to be approved by HUD in the federal scal

    year of 2011.

    Once the project was approved and funded, it also began

    to serve as an economic driver for the local community,

    creating over $20 million in local spending, increased jobs

    and an attraction for talented, highly-sought after provid-

    ers who would make Engham County their new home.

    Since the start of the project, Engham

    Hospital & Care Center has experienced

    growth and positive development in

    many areas including the addition of two

    primary care practices in 2011, one with

    a focus on womens health and the other

    reaching a population center oftenoverlooked by neighboring counties.

    Summing up the Engham Hospital & Care Center Modernization Projec

    Facts and Figures...

    Growing with our Community

    Making strides to serve at our best

    0 10 20 30 40 50 60 70 80 90 100

    0 10 20 30 40 50 60 70 80 90 100

    0 10 20 30 40 50 60 70 80 90 100

    0 10 20 30 40 50 60 70 80 90 100

    0 10 20 30 40 50 60 70 80 90 100

    Financing andCapitalized Interest$5,511,891


    Professional Fees Construction$3,117,227


    Site Work$1,724,405


  • 8/3/2019 Effingham Health 2011 Fall Update


    Changing the way our community

    perceives their options for

    healthcare in Engham CountyTo help the community better identify with theenhanced mission of Engham Hospital & Care Center,

    Engham Hospital Board of Trustees voted in April

    of 2011 to change the name of the organization to

    Engham Health System once the modernization

    project is completed.

    With new and rapid growth, and in preparation for the

    shift in focus from building the new structure to the new

    infrastructure, a sta reorganization plan was put into

    motion, including key appointments and severalpromotions. In September of 2011, a new sta structure

    aligned with the growth and expansion of services

    was announced.

    Award-Winning Careat the Heart of What We Do

    Engham Hospital & Care Center has

    received numerous awards for quality

    and patient care, and most recently,

    has been identied by employees as

    a great place to work. Ours is not

    a goal to simply pursue awards.

    We believe that by putting our

    commitment to excellence in action,

    that we will be recognized as one of

    the regions best hospitals and leaders

    in the movement toward aordable,

    accessible and skilled care.

  • 8/3/2019 Effingham Health 2011 Fall Update