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Our Mission
To create a healthy future for West Virginia by improving the health of our residents and the strength of our health care delivery system, especially in rural and underserved communities.
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Strengthening West Virginia’s
Rural Health Infrastructure
Infrastructure
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Health Improvement
Improving the Health of Our
Residents
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Core Tenets
Public/Private Partnerships
Linkages between health and economic development
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Public Partners• WV Legislature• Office of the Governor• WV Health Care Authority• WV Department of Health
& Human Resources• U. S. Department of Agriculture• Appalachian Regional Commission• U. S. Department of Treasury• WV Development Office
Private/PublicPartnership
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Private PartnersFunding Partners:• Claude Worthington Benedum Foundation• Robert Wood Johnson Foundation
Collaborating Partners:• WV Bankers Association• WV Primary Care Association• WV State Medical Association• WV Academy Family Physicians• WV Dental Association• WV Hospital Association• WV Medical Institute
Private/PublicPartnership
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Improved rural health facilities;
new equipment and technology
Improved access to quality health
care services
Improved environment for recruitment
and retention of physicians
Improved viability of rural health
care organizations
Improved accountability for use of
government and philanthropic funds
Health care isan integral part of
the economic infrastructure
needed in communities to
attract & retain businesses and
jobs
Benefits to West Virginia
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Celebrating 10 Yearsof Excellence MadePossible Through
Our Partners2001 – 2011
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Loan Fund Purposes:•Affordable source of capital financing for West Virginia’s rural health care providers.
•Technical assistance to ensure that providers obtain the most cost-effective and workable loan packages available to meet capital need(s).
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Results since June 2001
Construction of 15 new facilities
•Six primary care centers•Four rural physician practices•Two rural dental practices•One children’s emergency shelter•One rural private pharmacy•One rural optometrist
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John Perrine, DDSCowen, WV
Before After
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Braxton Health AssociatesGassaway, WV
Before After
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Children’s Home
Society
Before After
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Mountaineer Community Health CenterPawpaw, WV
Before After
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William Klenk, DDS
Hico, WV
Before After
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Results since June 2001
• Closed 77 Loans
• Leveraged $31+ million in health infrastructure improvements
• Loan Loss Ratio: <0.31%
• Loans in 31 counties
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Barbour
Berkeley
Boone
Braxton
Brooke
CabellClay
Fayette
Gilmer
Grant
Greenbrier
Hampshire
Hancock
Hardy
Harrison
Jackson
Kanawha
Lewis
Lincoln
Logan
McDowell
Marion
Mason
Mercer
Mineral
Mingo
Monongalia
Monroe
Morgan
Nicholas
Ohio
Pendleton
Pocahontas
Preston
Putnam
Raleigh
Randolph
Ritchie
Roane
Taylor
Tucker
Tyler
Upshur
Wayne
Webster
Wetzel
Wirt
Wood
Wyoming
Marshall
Cal-houn
Dodd-ridge
Jeff-erson
Pleas-ants
Sum-mers
WV Rural Health Infrastructure Loan FundSeptember 2011
Loans Closed
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Results since June 2001
Loans Made to Variety of Health Care Providers
• Community Health Centers
• Rural Hospitals• Medical Practices• Dental Practices• Nurse Practitioners• Long Term Care
Facility
• Children’s Emergency Shelter
• Behavioral Health Care Organization
• Pharmacy• Physical Therapist• Chiropractor• Optometrist
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Technical Assistance Services
Technical Assistance provided by the Loan Fund, ensures that the projects are
financially viable for WV’s health care providers
• Planning• Construction• Feasibility• Property Acquisition• Development
The Loan Fund
provides more than just loans
• Design• Financing• Financial Closing
& Occupancy
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Key Success Factors
• Gaining experience of others from outside of the Center during the planning process
• Experienced Loan Committee
• Effective Governance Structure
• Staff with variety of skills and experience needed
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Closing Thoughts
• Establish a strong foundation for program success
• Its all about relationships and communication with partners
• Remain results-focused
• Practice patience
• Maintain flexibility; but remain focused on mission
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Thank you!
Sharon Lansdale, President/CEO Robert Dearing, CFO/Loan Fund Manager
3465B Teays Valley Road
Hurricane, WV 25526
Phone: 304/397-4071