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Matagorda Regional Medical Center | Bay City, TX
AHFD Navigates Hurdles for Community Hospital
Matagorda Regional Medical Center in Bay City, Texas, faced serious problems with an outdated facility and increasing competition from other medical centers. AHFD was asked to manage the replacement hospital project. They began with Cornerstone360, a complete strategic analysis that included strategic, financial, operational, and master planning for the facility. The Cornerstone360 process allowed the hospital to make the right decisions for its future and find the right financing, which included applying for the FHA 242 Mortgage Insurance Program to obtain federally backed bond insurance.
AHFD helped the hospital navigate through the replacement hospital process, including working with the Corps of Engineers to quickly mitigate wetlands issues. The result is a new hospital that provides area residents with the healthcare delivery services that they need.
“AHFD really guided us through the project. Our project manager came to the hospital and would spend whatever time was necessary to meet with the hospital's leadership, the finance department, and the building committee. Our experience with AHFD was an overwhelmingly positive one. Ultimately, our project was ahead of schedule and on budget.” – Steve Smith, CEO, Matagorda Regional Medical Center
To learn more about what AHFD did for Matagorda Regional Medical Center, e-mail Don Twining or call 615-371-4733.
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