Join us during our virtual Rural Health Leaders conference, June 10-11! Hear from one of our presenters, Nick Smith, Partner at Wipfli, to discover how to develop a flexible facility development strategy and hear strategies on how to conduct capital planning among periods of change and uncertainty. Register here
Rural community hospitals and critical access hospitals are facing greater pressure to compete in an evolving healthcare delivery model and with limited financial resources. Changing consumer preferences are generating more interest in retail-based care platforms, while aging rural markets are continuing to experience growing demand for hospital-based services. Global disease outbreaks like COVID-19 can disrupt the entire healthcare delivery model and require flexibility in building design and capital allocation. Faced with changing service line priorities, competitive and environmental disruption, and difficult facility investment decisions, it is more important than ever for hospitals to deploy capital strategically.
This session will explore some of the emerging market trends that are impacting healthcare services and facility development priorities in rural areas, including COVID-19. Participants will learn some practical approaches that hospitals can take to better align their strategic initiatives to their capital and facility investments. Lastly, this session will explore some best practices for creating a capital vision that balances strategy and growth with affordability and realistic financial goals.