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I.        Project Definition and Feasibility
  • Market validation for a physician-owned medical facility in a targeted area  
  • Community Physician input to determine support, probable utilization and needed scope of services  
  • Financial model construction to ascertain financial viability
  • Engage real estate developer

II.        Private Placement Memorandum and Syndication
  • Create the legal business structure for the planned facility  
  • Develop a Private Placement Memorandum (“PPM”)
  • Distribution of PPM to a very select group of potential investors
  • Completion of subscription documents and collection of investment monies
  • Formation of the Partnership

III.       Hospital Development and Design
  • Select Architectural and Construction firms
  • Create Schematic Design of facility with input from physician investors
  • Equipment planning with input from physician investors
  • Functional space and work-flow design with input from physician investors
  • Conversion of design elements into load and utility requirements

IV.       Construction Project Management   
  • Act as the owner’s representative on all construction details
  • Report to the investors on the status and progress  
  • Work closely with the general contractor and the architect through facility opening

V.        Hospital Operations Start-up                         
  • Hospital Management begins when construction is initiated
  • Design of all organizational operating systems
  • Selection of contracted medical service providers with input from physician investors
  • Formation and training of the RHI on-site management team
  • Insure readiness for all licensing and accreditation surveys from Joint Commission (JC) and Texas Department of State Health Services (TDSHS) or the counterpart in other states.
  • Coordinate and oversee initial staffing of the facility
 
IV.       Hospital Management                                    
  • In-service training of all hospital personnel in preparation for accepting patients
  • Ongoing education and training of key hospital personnel
  • Ensure that the hospital achieves requisite accreditation and credentialing
  • Ongoing oversight of all hospital departments and operations
  • Annual Operational and Capital Budget preparation
  • Business Office operational oversight and monitoring
  • GPO negotiations and oversight
  • Timely identification of opportunities for improvement
  • Pre-Survey assessments for compliance
  • Design and implementation of corrective action plans
  • Ongoing communication with, and accountability to, the Hospital Board and Partnership

V.        Administrative Overview of Management Services:

  • Strategic Planning
  • Personnel Administration
  • Accounting, Finance and Budgeting
  • Materials Management Consultation
  • Communications and Reports
  • Quality Assurance and Improvement
  • Medical Staff Functions
  • Licensing and JCAHO Accreditation
  • Risk Management and Insurance Maintenance
  • Managed Care Contracting
  • Hospital Board Education
  • Partnership Management
  • Nursing-Services Consultation
  • Productivity Standards Compliance
VI. Limited Partnership Management
  • Form the Limited Partnership
  • Facilitate election of the Committee of Partners (COP), the governing body for the Partnership
  • Sit on the COP as the General Partner
  • Advise Partnership on financial and legal matters
  • Maintain and manage operational assets of the Partnership
  • Prosecute, defend and settle all legal, or administrative disputes related to the Partnership
  • Establish and maintain timely communication with Limited Partner
 

Guiding Principles

Rockwall Hospitals, Inc. was founded on the following principles that guide our direction and are the basis of our success:

- We will be the leading operator/owner of physician-partnered healthcare facilities in the nation

- We exist to enable physicians to be in greater control of healthcare decisions affecting their patients.

- Our employees are to always be treated with respect. They are expected to excel. We will make opportunities for them to share in the success of the company.
  • Be accountable
  • Be a leader - Take Risks
  • Go the extra mile
  • Reinvent yourself, reinvent the Company
  • Be honest
  • Honor God in everything that we do
  • Never give up
Rockwall Hospitals, Inc.