The situation
Haddix Memorial is the only hospital in its county and the nearest emergency department for about 21,000 people. Its four monitored beds take patients who need watching but are not sick enough, or not stable enough, for the two-hour transfer to a tertiary center.
By 2023 the monitors were past their manufacturer’s end of support, and the central station was running an operating system that the hospital’s IT contractor would no longer patch. The hospital’s cash on hand was 41 days.
What we did
Through the Rural Hospital Program, Wardmore financed four new monitored beds, their bedside monitors, a central station and two transport monitors over 60 months, with no security deposit because the equipment is enrolled in Continuity Assurance.
Payments follow the hospital’s cash cycle: lower in the first and third quarters, when cost-report settlements and the county’s tax distribution have not yet arrived, and higher in the second and fourth. The total is the same as an even schedule.
A Wardmore field asset specialist was on site for the installation, collected the old monitors for recycling, and walked the hospital’s two-person biomedical team through the Client Center.
The result
The four beds have stayed open. In 2025 they cared for 612 patients, of whom 448 were discharged home from Haddix without a transfer.
Nobody else would finance four beds. Wardmore wrote the payments around the way we actually get paid.
Published with the hospital’s permission. Figures are the hospital’s or Wardmore’s as stated, and individual results depend on each hospital’s circumstances.