Resource Details

Health Center Stories: Penobscot Community Health Center, ME

Year Developed: 2024

Resource Type: Publication.

Primary Audience: Board of Directors C-Suite (CEOs, CFOs, CIO, COOs, CMOs, etc.) PCAs
Secondary Audience: Administrative Staff Enabling Staff Outreach Staff

Language(s): English

Developed by: Capital Link (See other resources developed by this organization).

Resource Summary: As the largest health center in Maine, Penobscot Community Health Center (PCHC) faced unforeseen contractor cost overruns and supply chain disruptions during the COVID-19 pandemic, testing the resolve and resourcefulness of all parties involved. Innovative financing solutions, coupled with the HRSA’s Health Center Facility Loan Guarantee Program, helped PCHC overcome significant financial and regulatory hurdles.

Resource Details: Access to capital financing is a pivotal challenge for Federally Qualified Health Centers (FQHCs) aiming to expand and modernize their facilities. This case study delves into the journey of Penobscot Community Health Center (PCHC), the largest health center in Maine, as it navigated the complexities of securing financing for a critical expansion project. This case study highlights the importance of innovative financing solutions in the health care sector and underscores the critical role of partnerships between health centers, financial consultants, and government programs in achieving ambitious expansion goals. Through this case study, we aim to shed light on the perseverance, collaboration, and strategic thinking required to bring such complex projects to fruition, while promoting the value of programs like the HRSA LGP in supporting health center infrastructure development across the United States.

Resource Topic: Finance

Resource Subtopic: Capital Development.

Keywords: Access to Care.