Friday, December 31, 2010
Middle Park Medical Center: Questions Answered
The construction of the new medical center, scheduled to open early 2012 in Granby, has generated a lot of questions from the public.
Is the Grand County Rural Health Network building the new medical center?
A: Kremmling Memorial Hospital/Middle Park Medical Center took over the lead on the Middle Park Medical Center project in late 2007/early 2008. Kremmling Memorial Hospital District conducted the feasibility study and attained the financing. The project is based on principles and community feedback developed by the Network over the years, but the hospital is leading the project solely.
Why is it being built in Granby?
A: Granby is the demographic hub of the east side of Grand County. The land was also donated by Grand Ranch Holdings, LLC.
Why was the name, "Middle Park Medical Center" chosen?
A: We felt the name signified a more regional approach to healthcare. it also speaks our past where the hospital used to be called Middle Park Hospital. It helps tie in the entire region whether your coming from Fraser, Granby, Winter Park, Hot Sulphur Springs, Parshall or Kremmling. Part of the branding strategy is to say that we are not just Kremmling anymore, it is Middle Park.
We know that there are somewhere between 12,000-14,000 full-time, year-round residents in Grand County, so we know the market exists. The problem is the net out-migration of healthcare from those who have felt they couldn't get all of their healthcare needs met here in the county and as a result go down to the front range for services. With the development of Middle Park Medical Center in Granby, we believe people will be more apt to stay put and receive their healthcare services in the county.
We also know that roughly 80%-90% of all healthcare related services are utilized outside of the county. Between all of the primary care providers within the county, a good estimate is around $20M worth of healthcare services purchased within the county. So, if $20M is provided within the county and that amounts to only 10%-20% of the total healthcare dollars demanded, then that number extrapolates to a big number, possibly upwards of $200,000,000. Part of our forecasting model is based on those projections and our ability to retain a portion of that lost business.
how is the capital construction financed?
A: The Middle Park Medical Center project in Granby was financed with revenue bonds, backed by lease payments to the Middle Park Facilities Corporation. The District liability is limited to the lease.
Will the Kremmling Memorial Hospital District seek to expand its taxing district to include the rest of Grand County?
A: There are no plans to expand the tax district. This possibility was investigated in 2008. The board determined that it was not going to take it to the November, 2008 ballot for a variety of reason, including the general economy. There has been no talk of extending the boundaries since 2008. We feel that the money we will be receiving from operations is going to be sufficient to not only fund the debt on the new facility and grow and sustain on the east side of Grand County, but to also sustain and grow on the west side of the county.
Will the hospital in Kremmling close?
A: No, it will not close. We see that there is a sufficient size populations on the west side of the county to support the hospital. The services that we offer and the frequency of those services is going to change to meet the demand of the people on the west side. The configuration of the rooms, how the ER is set up, how surgery services are organized and how laboratory and radiology work with ED will be logical to how a facility should be operated in a rural setting. Our overall goal, hopefully in 3-5 years, is to secure additional financing to and build a facility on the west side of the county that people can be proud of. In the meantime, we are undergoing a beautification process which will include a face-lift to the nurses station, improvements to the patient financial services area and newer fixtures in the clinics and patient rooms.
Do you have questions about the Middle Park Medical Center? email me: eric@kmhd.cc
Is the Grand County Rural Health Network building the new medical center?
A: Kremmling Memorial Hospital/Middle Park Medical Center took over the lead on the Middle Park Medical Center project in late 2007/early 2008. Kremmling Memorial Hospital District conducted the feasibility study and attained the financing. The project is based on principles and community feedback developed by the Network over the years, but the hospital is leading the project solely.
Why is it being built in Granby?
A: Granby is the demographic hub of the east side of Grand County. The land was also donated by Grand Ranch Holdings, LLC.
Why was the name, "Middle Park Medical Center" chosen?
A: We felt the name signified a more regional approach to healthcare. it also speaks our past where the hospital used to be called Middle Park Hospital. It helps tie in the entire region whether your coming from Fraser, Granby, Winter Park, Hot Sulphur Springs, Parshall or Kremmling. Part of the branding strategy is to say that we are not just Kremmling anymore, it is Middle Park.
We know that there are somewhere between 12,000-14,000 full-time, year-round residents in Grand County, so we know the market exists. The problem is the net out-migration of healthcare from those who have felt they couldn't get all of their healthcare needs met here in the county and as a result go down to the front range for services. With the development of Middle Park Medical Center in Granby, we believe people will be more apt to stay put and receive their healthcare services in the county.
We also know that roughly 80%-90% of all healthcare related services are utilized outside of the county. Between all of the primary care providers within the county, a good estimate is around $20M worth of healthcare services purchased within the county. So, if $20M is provided within the county and that amounts to only 10%-20% of the total healthcare dollars demanded, then that number extrapolates to a big number, possibly upwards of $200,000,000. Part of our forecasting model is based on those projections and our ability to retain a portion of that lost business.
how is the capital construction financed?
A: The Middle Park Medical Center project in Granby was financed with revenue bonds, backed by lease payments to the Middle Park Facilities Corporation. The District liability is limited to the lease.
Will the Kremmling Memorial Hospital District seek to expand its taxing district to include the rest of Grand County?
A: There are no plans to expand the tax district. This possibility was investigated in 2008. The board determined that it was not going to take it to the November, 2008 ballot for a variety of reason, including the general economy. There has been no talk of extending the boundaries since 2008. We feel that the money we will be receiving from operations is going to be sufficient to not only fund the debt on the new facility and grow and sustain on the east side of Grand County, but to also sustain and grow on the west side of the county.
Will the hospital in Kremmling close?
A: No, it will not close. We see that there is a sufficient size populations on the west side of the county to support the hospital. The services that we offer and the frequency of those services is going to change to meet the demand of the people on the west side. The configuration of the rooms, how the ER is set up, how surgery services are organized and how laboratory and radiology work with ED will be logical to how a facility should be operated in a rural setting. Our overall goal, hopefully in 3-5 years, is to secure additional financing to and build a facility on the west side of the county that people can be proud of. In the meantime, we are undergoing a beautification process which will include a face-lift to the nurses station, improvements to the patient financial services area and newer fixtures in the clinics and patient rooms.
Do you have questions about the Middle Park Medical Center? email me: eric@kmhd.cc
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