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Hardin Memorial Health’s arms now reach to the gates of Fort Knox.
The HMH Board of Trustees approved a business plan Tuesday morning to establish a family care center in Radcliff outside Fort Knox’s Wilson Road gate to expand its network as the need for primary care physicians grows.
The 1,700-square-foot space, former home of Bearclaw Coffee, is in the Wilson Gateway Plaza and is one of the last public buildings before reaching Fort Knox, said Assistant Vice President Jeff Kingery.
Kingery said HMH retains an option to lease an additional 1,700 square feet of space at a reduced rate if expansion is needed.
“Obviously the location of the center is ideal,” Kingery said. “It’s ideal for traffic.”
HMH hopes to capture Fort Knox and Radcliff traffic at the center, officials said. Kingery said the hospital is targeting an “aggressive” launch of March 1 but a more realistic opening may be April.
The building’s layout is simple, and the landlord is managing the construction build-out as part of rent stipulations, Kingery said. A floor layout provided by HMH identified a waiting room, front office, three exam rooms, a laboratory room, triage area, staff lounge, nurse and medical work space and restrooms.
It was not clear how many staff members will be employed, but Kingery said HMH plans to use experienced nurse practitioners at the center. HMH President and CEO Dennis Johnson said the hospital is equipped to add physicians as needed.
According to a profit and loss statement, HMH projects 4,600 visits in the first year with a gross revenue of $437,000 and net revenue of $240,350. Kingery estimated about $55,000 in capital purchases for medical equipment and supplies to mobilize the center with an annual rent payment of $29,087. Salaries and benefits will make up the bulk of expenses, with first-year costs projected at $267,182.74. The remainder of expenses for the first year is primarily for supplies, minor equipment and fees. A first-year shortfall of $154,889.78 is expected, according to HMH.
The hospital projects the center to turn a profit of $20,697 in its third year of operation with an estimated 6,600 visits and $376,200 in net revenue. By that point, salaries and benefits are expected to inch above $282,000.
Kingery said the hospital is taking advantage of the available space to expand its primary care physician base. A need is growing for primary care physicians with a growing and aging population and the advent of the Patient Protection and Affordable Care Act, which will provide insurance access to more patients. Kingery said trends indicate primary care physician fees will increase under the act while specialists will see their fees decrease or stay flat. Kingery said primary care physicians will serve as gatekeepers, controlling referrals and what procedures are performed in the future.
“By establishing a larger primary care network, we’ll be able to meet the need,” he said.
It is the first HMH-operated family care center established in Radcliff city limits. A center is located in northern Hardin County on Rogersville Road but Kingery said it serves more patients in the Vine Grove and the Flaherty areas. The health system operates seven family care centers, including locations in Magnolia, Sonora and Elizabethtown, Kingery said.
Johnson said Radcliff is an important location and one deserving and ready for a family care center.
“(It’s) a wonderful city and very important part of our service area,” he said.
Radcliff officials have propositioned for more medically related businesses to anchor in the city, and Mayor J.J. Duvall said this could serve as a catalyst to attract more interest to Radcliff.
“We think this is a great start to a great relationship,” he said.
Marty Finley can be reached at (270) 505-1762 or firstname.lastname@example.org.
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