Solutions
Rural Hospital Program
Terms written for hospitals with four to twelve monitored beds, and people who will drive out to see them.
At a glance
- Hospitals
- 238 in 29 states and 2 provinces
- Smallest unit financed
- 2 monitored beds
- Deposit
- None with Continuity Assurance
- Schedules
- Seasonal, cost-report timed
- Led by
- Terrence Boyd
- Since
- June 2018
Rural hospitals finance equipment differently. Their units are small, their census swings with the seasons and the harvest, their cash arrives late and in lumps, and many have no credit rating. Most lenders price that as risk. The Rural Hospital Program prices it as a pattern.
What is different
- Small minimums. We finance units of two beds and schedules from $25,000.
- Seasonal and cost-report schedules. Payments can be lighter in the first and third quarters, when settlements and tax distributions have not yet arrived.
- Utilization Pricing with a winter-sized minimum. For monitored beds, the minimum is set to your summer census, not your winter one.
- No deposit on equipment enrolled in Continuity Assurance.
- A longer timetable. If an account falls behind, the program’s notice periods are longer than our standard ones, and every stage includes a call from the program team, not only a letter.
- People nearby. Field asset specialists in every region, who install, train and collect old equipment.
Who qualifies
Critical-access hospitals, rural emergency hospitals with observation beds, sole community hospitals, and other hospitals in rural counties with fewer than 100 licensed beds. Tribal and county hospitals are welcome.
See how Haddix Memorial Hospital kept four monitored beds open.