Many health care facilities are reaching or surpassing their useful lives. Alternative methods of delivery and the shift in the public demand for health care services make it difficult, if not impossible, to compete in today’s marketplace with out-dated equipment and buildings. Capital investment in renovation or new/replacement construction may be needed to stay in business.
A successful project must be developed within the confines of a comprehensive program. Such a program includes not only service offerings and space needs, but also a detailed budget and a business plan that determines financial feasibility. With the proper planning and market positioning, a project can generate enough revenue to cover operating expenses and the new debt service payments.
Life Services Network of Illinois Annual Meeting and Exhibition, May 2-4, 2012
For more information, contact:
Scott T. Gima
COO and Executive VP Compliance and Management
(314) 394-2222 ext. 21
MPA continually assessed the sustainability of our project. Their financial model and realistic assumptions allowed us to test our objectives and strategically reposition our operation.
Lake County, Illinois