Basic Information Flashcards
How many beds does Hampton Roads need?
45
How many beds does Hampton Roads currently have? and where from?
12, Sentara
How many beds will Hospice House provide?
12
What business are we in?
To provide inpatient hospice services that allow terminally ill people to pass away in a comfortable environment
What kind of professionals will we provide?
Physicians, Pharmacists, and Mental Healthcare
Where will a significant portion of our revenue come from?
Reimbursement programs operated by federal & state healthcare once we open. Fun Fact: Hospice House revenues are immune from changes in the general economy
How much money do we need to raise & what is the breakdown?
A total of $9.2 Million with a $7.7 Million construction budget and a $1.5 Million start-up (first three years).
What will the money be specifically used for?
Development & construction (the land was donated by Virginia Beach), initial operating losses during 3 years of start-up (with a 6 month reserve), capital to purchase Furniture, fixtures, & equipment for the facility, capital for licensure & professional fees associated with the establishment.
Mission Statement
Providing compassionate care, comfort, and support to adult end of life patients and their loved ones
What is our focus?
Improving the patient’s quality of life, allowing them and their loved ones to make the best of the time they have left together.
What is our goal
To continually educate the community about end of life care and to plan for the Hospice House’s services
What is the tagline
The Hospice House serves knowing this is the journey everyone will take
Financial forecasts
conservative rate in the 2nd year of operation. A 3 year pro forma will be provided detailing supporting figures
What is Hospice Care?
It is a compassionate, patient-centered approach to medical care and support for the people at the end of life and their families
What is Hospice Care focused on?
maintaining dignity, increasing quality of life, and providing comfort
What services are provided for families and friends following the death of their loved ones?
Bereavement center, chaplains and spiritual services
How many companies operate hospice facilities?
Approx. 4,000
What is excluded from the company operation numbers?
Medical facilities that have “in-house” operations
In the last 5 years, what is the combined revenue for hospice facilities?
$9 Billion while providing jobs to over 75,000 people and providing over $2 Billion in salaries.
Why is this such a critical time for Hospice House to open?
The Baby Boomer generation is aging, and the business is in an excellent position to expand
What is the national average for General Inpatient Care (GIP)?
6 days
The population served in the Hampton Roads area covers how many people?
1.4 million people live & work in the 757, and of that, about 161 thousand are over the age of 65.
What is the percentage of Hospice utilization in Virginia for people over the age of 65?
43%
What is the average length of hospice service?
70 days
