First few Article Sentences
Whether the California seismic retrofit mandate looms imminently or stands unthreateningly in the future depends on the applicable implementation dates and your facilities’ specific needs. But whether the deadline is 2013, 2015, or 2030, project planning can take years, and financing can take from mere months to years depending on the hospital plan’s development and the capital markets. And regardless of whether hospitals must meet the seismic standards immediately, they still require periodic capital infusions along the way.
A recent California Hospital Association survey taken during the credit crunch indicated that over two-thirds of California hospital CFOs saw continued deterioration in their ability to access sufficient capital. Complicating matters, several temporary hospital financing options created or modified by the American Recovery and Reinvestment Act expired after 2010, leaving hospitals with yet another shift in the financing landscape that requires re-examination of available financing alternatives.