San Benito Healthcare District Presents Enterprise Plan for Future at Intergovernmental Fee Assembly



HOLLISTER, Calif.


,


Feb. 17, 2023


/PRNewswire/ — Representatives from San Benito Healthcare District (the District), which operates Hazel Hawkins Memorial Hospital (HHMH), detailed the District’s marketing strategy this week to an Intergovernmental Committee comprised of

San Benito County

leaders.

“The marketing strategy for the District is to discover a strategic accomplice or promote some or the entire District’s amenities to a bigger well being care system,” mentioned

Seth Freeman

, Managing Director of B. Riley Advisory Providers, a nationwide agency employed by the District to assist with its turnaround. “Up to now, the District contacted multiple hundred organizations throughout the nation, recognized seven motivated and well-qualified potential companions, and began internet hosting excursions of the District with events.”

The District confirmed that it’s projected to expire of funding in

April 2023

and wishes further funding to finish a transaction course of. “The District is leaving no stone unturned in its efforts to safe bridge funding,” mentioned Freeman. “The District is having common conferences with native and state leaders to hunt public funding and has initiated an intensive and disciplined seek for sources of personal funding.” The District has been profitable in growing projected money circulation by about

$6 Million

in a number of quick months by combining price saving and funding initiatives. Even with these efforts, the District requires further funding to proceed operations by way of

September 2023

to finish a partnership or a sale transaction.

In response to questions from the Intergovernmental Committee, District representatives defined that merely growing income and chopping prices is not going to offset the growing bills of working the small well being care system. The District continues to lose cash from operations too rapidly to understand the advantages of a strategic working plan carried out in early-2022.  Sudden money circulation challenges in mid-2022 made the state of affairs much more difficult. “The District has continued to implement measures to scale back prices and enhance income,” Freeman mentioned, “however it’s operating out of instruments with out being compelled to shut companies. The underside line is that the District can’t hold providing the identical companies with out further funding or realizing the economies of scale {that a} bigger well being system could convey to the desk.”

The monetary troubles which have beset the District usually are not distinctive. Small stand-alone rural hospitals throughout the state are combating comparable points. Even throughout good instances, rural hospitals take care of restricted cashflow. Throughout the pandemic, the will increase in staffing and provide prices to look after an inflow of very sick sufferers stretched sources additional. A number of of those smaller hospitals dealing with comparable monetary burdens have shuttered, limiting entry to essential look after close by residents.

“A strategic accomplice or sale is essentially the most promising method to preserve the present stage of healthcare companies,” mentioned

Mary Casillas

, Interim CEO of HHMH “We’re working in direction of a sustainable resolution for the District that can ship for our staff, sufferers and the better

San Benito County

.”


About

Hazel Hawkins

Memorial Hospital


Hazel Hawkins

Memorial Hospital is a full-service, public company hospital delivering trendy drugs and compassionate care to the rising

San Benito County

neighborhood. HHMH provides lots of of well being companies throughout a number of areas, together with top-tier specialists, a contemporary Emergency Division, and a state-of-the-art Ladies’s Heart. To study extra about

Hazel Hawkins

Memorial Hospital and the Hazel Hawkins Hospital Basis, please go to

www.hazelhawkins.com

.

PR CONTACT:

Frankie Gallagher



Hazel Hawkins

Memorial Hospital

Cellphone: (831) 636-2644

Electronic mail:

[email protected]

San Benito Healthcare District Presents Enterprise Plan for Future at Intergovernmental Fee Assembly
View authentic content material:

https://www.prnewswire.com/news-releases/san-benito-healthcare-district-presents-business-plan-for-future-at-intergovernmental-commission-meeting-301750014.html

SOURCE San Benito Healthcare District