Association News

H-PACE Funding Option is October 28 Event Focus

HASC Endorsed Business Partner GreenRock Healthcare Capital knows that after a difficult year for hospitals, finding sufficient cash and debt resources can be a big challenge for any institution.

For most hospitals, the second largest cash outflow item after payroll is capital spending. Aging plants, obsolescence and emerging technologies, advances in medical knowledge changing standards of care, changing reimbursement and consumer choice create tremendous demand for capital spending.

On Oct. 28, GreenRock teams with HASC to give members an online Executive Roundtable outlining a new capital-generation option. The GreenRock event will outline H-PACE financing as a new source of funds to help hospitals manage their short and long-term capital programs. H-PACE can also be used to reimburse your hospital for prior qualifying expenditures, generating significant amounts of cash that can be used for any working capital needs. 

As the PACE market continues to see growth, there may be opportunities for significant access to cash. Content from trusted resources is challenging on this topic, and HASC is excited to provide exclusive access to information on how PACE financing is worth exploring as you strive to meet all of your working capital needs.  

In this session, we will share valuable insights for consideration in generating additional capital for your hospitals’ capital strategy. The roundtable will cover:

  • Creating more available cash for operating needs from H-PACE Reimbursement
  • Funding annual capital budget needs and capital lease alternatives
  • Catching up on deferred building maintenance and renovations projects
  • Construction and equipment funds for seismic remediation projects
  • Tenant improvement funds for third-party-owned real estate that will lower occupancy costs

Please join us for this informative HASC-GreenRock workshop. You’ll learn how your organization can better position itself using the H-PACE option. 

You’re cordially invited to the no-cost event!

Date: Thursday, Oct. 28.

Time:  Noon – 1 p.m. Pacific time.

Speakers: Mitch Creem and Joe Euphrat, GreenRock Principals.

For more on HASC’s Endorsed Business Partner program, contact HASC Member Relations and Association Services Director Darryl Sanford.