A GUIDE TO FINANCING STRATEGIES FOR HOSPITALS
With Special Consideration for Smaller Hospitals
Jason H. Sussman, Managing Director
jsussman@kaufmanhall.com
Eric A. Jordahl, Managing Director
ejordahl@kaufmanhall.com
Kaufman, Hall & Associates, Inc.
5202 Old Orchard Road, Suite N700
Skokie, IL 60077
(847) 441-8780
For Additional Information
Anthony Burke
President and CEO
AHA Solutions, Inc.
155 N. Wacker Drive, Suite 400
Chicago, IL 60606
aburke@aha.org
(800) 242-4677
TABLE OF CONTENTS
Executive Summary
2
Introduction
7
Strategy 1. Understand Your Strategic Financial Position and Maintain Credit Strength
8
Strategy 2. Identify and Evaluate the Full Range of Financing Options
11
Strategy 3. Consider Sources of Local and State Support
22
Strategy 4. Consider Partnership as a Broad Strategic Capital Option
23
Strategy 5. Evaluate and Select the Best Financing Strategy
25
Strategy 6. Involve the Right Professionals
27
Strategy 7. Stay Closely Connected
29
Concluding Comments
30
Authors’ Biographies
31
Entire contents of report © 2010, Kaufman, Hall & Associates, Inc.
A Guide to Financing Strategies for Hospitals