HomeMy WebLinkAboutC.054.93008_0093con 25 p,"q 4080
"Projecting an interest rate of 12.5% and a term of 20
years, the estimated borrowing requirement of the financing
is $8.7 million dollars. The hospital plans to provide $545,000
of equity and will roughly raise at least $500,000 in contributions
and endowments. $901,000 of capitalized interest during
construction is included also for a total of $1,946,000 in
hospital resources.
"Projected per patient day operating expenses compare
favorably with projects of Davis and Iredell Memorial. Projected
revenue per patient day 1985-1987 compares favorably with projections
of Rowan Memorial, Catawba Memorial, Iredell Memorial and Davis
Hospitals.
"The average increase in daily charges from 1982 until
1986 is 13%, which is very much in line with past experience.
The rates have been projected in order to cover the inflationary
increases anticipated in operating costs and debt service
requirements. Should inflation be less than anticipated, the
hospital will have the opportunity to reduce rates accordingly.
"In-patient days are projected for 1985-1986 and 1987, at
a volume level which agrees with the regional planning agency
forecast. In view of the fact that in-patient volume increased
16.8% from 1973 to 1980 and a higher census level has already
been reached than in the past, there is no reason to believe
that the operating results projected will not be achieved.
In fact, the growing population, the ADM population, and the
increase in migration of patients from outisde of the county
are all expected to increase demand on hospital services.