Profile
- Mid-Market Western Hospital
- 120-bed surgical and recuperation facility
- 50 staff including 20 doctors and nurses
- Private facility
Problem
- Outdated technology
- Hospital consultant estimated approximately $50 million worth of upgrades
- Private facility with no outside funding available
- Hospital experiencing a significant turnover in nursing staff and hospital-based physicians
Solution
- Company contacted UA Healthcare to reduce their costs for technology upgrades
- UA Healthcare also would look into decreasing the turnover risk of hospital staff
Additional Solution
UA Healthcare valued the existing technology such as X-Ray machines, CT Scans,
as well as MRI machines, etc., and were able to determine a cash payment of $9 million for the
facility. We secured $9 million of 5-year equity, combined with a
medical leasing partner to complete the upgraded technology platform.
UA Healthcare was able to develop several
deferred compensation programs for physicians, allowing the hospital and
their physicians to avoid costs that they would otherwise have from the physicians' retirement
programs. UA Healthcare also suggested increasing current match in the retirement benefit
for nurses, which, in turn, was a significant step in decreasing the high turnover rate
within the nursing staff. Finally, UA Healthcare suggested the hospital increase employee
benefit life insurance, which also resulted in lowering the turnover rate with the nursing
staff and the hospital-based physicians.