Mr. Kennedy shared some best practices for hospitals looking to access capital.
1. Know what you can fund with the finances you already have. “Some cash will often need to be part of the deal,” Mr. Kennedy said. “Balance is key for hospitals of all sizes.”
2. Combining options can customize debt. “Keep your options open, things change, and playing that to a hospital’s favor is key,” said Mr. Kennedy.
3. Keep an eye on federal activity for new or changed financing options. The Federal Housing Administration’s Section 242 Hospital Mortgage Insurance Program is an example of one of those changes, according to Mr. Kennedy.
4. Multi-track financing to stay flexible and save time.
5. Use an investment bank that has access to all options.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
