Effingham Health 2011 Fall Update

8/3/2019 Effingham Health 2011 Fall Update

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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.

Sincerely,

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


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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

Construction$13,313,829

Professional Fees Construction$3,117,227

Equipment$6,653,848

Site Work$1,724,405

Other$618,800


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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.


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Documents

Effingham Health 2011 Fall Update