Sample Engagements
Encouraging Collaboration to Bolster Healthcare Finance:
New York State Secured Hospital Bond Program
New York State's rural and inner-city hospitals two decades ago were in a state of total disrepair. Hospital CEOs and Boards looked to MHS professionals to lead the multiyear effort to solve this daunting problem. Open wards, deteriorating heating and ventilation systems, asbestos-filled walls and cracked lead paint were all commonplace. While no one doubted that the troubled facilities provided essential services to low-income populations, hospitals had no access to the capital markets to help improve their circumstances. The product of MHS professionals' efforts was the Secured Hospital Bond Program, combining sophisticated capital financing techniques and innovative restructuring of third-party payment arrangements. Since 1986, the Secured Hospital Bond Program has secured $1.7 billion in capital financing for the complete renovation of 11 inner-city and rural hospitals. Professionals now at MHS managed the program from inception to completion, creating the process, securing legislation and permits, and developing and implementing the revitalization effort.
Improving Healthcare Access for New York's Inner-City Population
When primary care services available to New York's inner-city residents hit an all-time low, city officials sought Manatt Health Solutions professionals to help design a collaborative solution. A unique public-private partnership spearheaded the creation of New York City family care centers and provided them with more than a decade of continuous support. Blending private and public resources — including a multi-million dollar development fund to support the planning of new centers — this group also manages city and privately-backed capital financing programs, ensuring access to funds for facility construction and renovation. Since 1996, more than $113 million has been invested in facilities as a result of this effort, improving healthcare access for all New York City residents.
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