Situation – Stroudwater was engaged by this Critical Access Hospital (CAH) in South Central Colorado to complete a market and financial assessment.
Approach – Our approach to this situation was a collaborative process with hospital and community stakeholders that ensured all voices were heard and included buy-in from the community.
Solution – Stroudwater defined a facility strategy and assisted in executing the plan of finance.
Result – Rio Grande was the first CAH to access capital under the HUD 242 program. In addition to its replacement facility, RGH has since completed a new clinic building for which Stroudwater also assisted in the development.