Baraga County Memorial Hospital (BCMH) in L’Anse, MI is a Critical Access Hospital that has made major investments recently to improve its facility and expand its services. BCMH engaged Plante Moran CRESA (PMC) to determine the feasibility of further renovating the existing hospital and/or building an entirely new facility. PMC conducted a Market Demand Analysis to review current market demographics and usage needs, a Validation Study to review the scope of the project against benchmark data, a Reimbursement Analysis to forecast revenue needed for public financing, a Program Strategy for the evaluation of financial assessments, operating costs, site due diligence and location analysis, and a comprehensive Project Cost Estimation to review all financial implications, project budget, schedule, cash flow, financing costs, insurance, and medical equipment costs.
After a review of the feasibility study, BCMH decided to build a new, 72,000 square foot facility on a new site and expand the existing skilled nursing facility by adding 20 beds. PMC worked with BCMH to select the new site, negotiate a purchase agreement, and manage the HUD 242 public financing approval process. BCMH subsequently engaged PMC as Owners Representative throughout construction to ensure that the project stays on budget and on schedule.