This is the traditional time of year to take stock and be grateful for life’s blessings. It’s also a perfect time to thank our clients for trusting Lancaster Pollard to help them finance their projects and manage their assets.
Although uncertainty remains due to the election, health-care reform, financial regulations and the economy, what continues to be certain is that financially strong providers, regardless of their size, will continue to have access to the capital markets. The current low interest-rate environment is an excellent opportunity for providers to continue to improve their balance sheets by reducing debt service and improving liquidity.
I’d also like to take this opportunity to invite you to explore our new websites—lancasterpollard.com and chiefinvestmentofficer.com. Our goal is to provide our visitors with easy-to-find information about our firm when they need it.
This edition’s feature explores the financial impact of Medicare audits on health-care providers and suggests best practices to protect against the adverse impact of an audit. Two separate articles focus on FHA refinancing opportunities for hospitals and Sec. 202 properties. For assisted-living providers, we discuss Medicaid reimbursement and how providers can benefit from participating in the program. Finally, The Fiduciary Focus, formerly The Nonprofit Minute, begins a two-part series on common investment mistakes made by nonprofit trustees and how to avoid them.