"We know what it takes to succeed, and our methodology is proven. We've sat in the Board member's and CEO's chair, negotiated with lenders, met payrolls and worked with regulators," states Burnette. "We take on transformation projects without regard to condition because we understand first-hand the difficulties hospitals face."
In 2000, Hospitalogic purchased and reopened Tattnall Memorial Hospital in Reidsville, Georgia. The hospital continues to operate successfully today in a service area with a population of 18,000.
For-profit North Oak Regional Medical Center in Senatobia, Mississippi had lost money for 10 straight years and was within days of closing when Hospitalogic took over in 2002. Within 18 months, the hospital was at break-even. By 2004, the organization's unique emergency and inpatient medical practice had achieved a 936% return on investment, with profitability continuing annually since.
Sometimes the distress call comes too late, admits Burnette. Hospitalogic successfully re-opened a community hospital in Brownsville, Pennsylvania in 2008, overcoming regulatory and financial hurdles. Yet the hospital closed nine months later following a multimillion judgment against the hospital's board dating to the facility's prior ownership.
"America needs successful community hospitals," Burnette adds. "They are essential to community success. With passion and the right approach, it can be done."
For additional information, visit www.hospitalogic.us.
Contact: Jim Burnette 770.631.8498
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