This content was written by Brian Haapala and was published in The Governance Institute’s E-Briefings May 2021 Newsletter. Please see the original content here. Liquidity is to a hospital what altitude is to a parachutist, water depth is to a boater, and gasoline in the tank is to a NASCAR driver. Without liquidity, activity and…
The COVID-19 pandemic has presented a series of new and unique challenges for rural healthcare organizations. The pandemic initially hit urban communities hardest, giving rural providers additional time to develop preparedness plans. The process confronted hospital leaders with a list of hurdles in trying to provide the best care for patients as the pandemic hit.…
StroudwaterGCL provides rural healthcare clients with needed capital quickly. Our services help providers located in areas of 50,000 people or fewer improve the financial health of their own organizations and create a sustainable healthcare system by 1) securing and funding USDA loans to fund high-impact investments in new facilities and services and 2) saving interest…
Funding New Rural Hospital Projects: From Concept to 3D Reality Traditionally, rural hospitals and health systems have run into challenges when trying to access capital to fund projects in their communities. Lenders often avoided providing funding to rural healthcare facilities due to perceived risk. StroudwaterGCL is changing this misconception and bringing national buying power to…
Stroudwater Associates, the nation’s leading source of strategic, operational, and financial strategy for rural, community and county/district owned hospitals, welcomes Brian Haapala, MHSA, FACHE as Chief Executive Officer of StroudwaterGCL Rural Healthcare Capital, a joint venture with Greater Commercial Lending (GCL), to help rural healthcare businesses access USDA guaranteed loans. Haapala has served as a…
Rural hospitals are now eligible for a second round of Payroll Protection Program (PPP) loans as authorized as part of the Consolidated Appropriations Act, 2021. The new program is open to both new and previous PPP recipients. While many big banks have stated they will not be working with organizations on this second round of…
Greater Commercial Lending (GCL), a wholly-owned subsidiary of Greater Nevada Credit Union (GNCU), was recently recognized by the United States Department of Agriculture (USDA) as one of USDA Rural Development’s 2020 top commercial lending partners. GCL also ranked the highest in the U.S. for the USDA Business & Industry (B&I) Guaranteed Loan Program for 2020.…
Over a decade ago, Stroudwater Associates led the industry by quantifying the impact of rural hospital investments as part of the Rural Hospital Replacement Study. Stroudwater Associates prepared a study that looked at the impact of a replacement rural hospital on finances, volumes, staffing as well as other community factors. Stroudwater Associates did this study…
Stroudwater Associates, the nation’s leading source of strategic, operational, and financial strategy for rural, community and county-district owned hospitals, announced a joint venture with Greater Commercial Lending (GCL), a wholly-owned subsidiary of Greater Nevada Credit Union, recognized as one of the nation’s leading USDA lenders, to help rural healthcare businesses access USDA guaranteed loans. The…