Tidelands Hospitals Singled Out For Financial Strength
Tidelands Waccamaw Community Hospital and Tidelands Georgetown Memorial Hospital are among the most financially resilient rural hospitals in the nation, according to a new ranking.
The two hospitals were singled out for their financial strength by the National Organization of State Offices of Rural Health and iVantage Health Analytics, which used an objective, data-driven tool called the Hospital Strength INDEX to evaluate hospitals around the nation.
Tidelands Waccamaw and Tidelands Georgetown ranked among the top 25 percent in the nation for financial strength among rural, acute-care hospitals, according to the INDEX. It evaluated hospitals based on their leverage, liquidity, capital efficiency and resource availability.
“A strong balance sheet translates into superior care for our patients,” said Terry Kiser, executive vice president and chief financial officer. “Although we are a not-for-profit health system, it’s crucial we have the financial capacity to purchase the best equipment, hire the most qualified staff and grow in response to community needs.”