Our frequently asked questions below will provide many of the answers to questions that you may have. If you’re looking for an answer that has not been outlined in the below information, please visit our contact page to submit additional questions for a timely response.
FHS chooses locations based upon potential need and other factors lead to economic viability. Two important factors often considered are whether local patients have easy access to affordable, quality care and whether the local physicians are satisfied with their practice options.
FHS builds hospitals in phases to keep initial costs low to pass those savings to our patients. “Phase One” will be smaller than a traditional hospital. For this reason, the initial FHS facility could be referred to as a “small” or “neighborhood hospital”. FHS chooses whether to build subsequent phases based on community and physician need/demand for additional service lines. The FHS “neighborhood hospital” is a fully functional hospital with fewer inpatient beds, less surgical ORs, fewer layers of bureaucracy, less overhead, fewer medication errors, less nosocomial infections and far more attention to individualized patient care.
Unlike a conventional hospital, a neighborhood hospital can deliver care in a much more efficient and cost-effective manner. Typically, patients get to enjoy shorter wait times, shorter lengths of stay, and more personal care because the hospital is treating fewer patients. The benefits are higher quality care, higher patient satisfaction, and better outcomes. This, in turn, allows the providers in a neighborhood hospital to care for their patients in a more compassionate environment, not rushing the doctor nor the patient. Most providers prefer to work under this type of environment.
Yes. FHS operates hospitals and is in the process of constructing and opening hospitals all over the US. We have a hospital in Lake Travis, TX; Prairieville, LA; and Millard, NE. FHS also has freestanding emergency departments in 5 other locations in TX.
At FHS, we believe in empowering physicians. Physician hospital employment has been a trend over the past few decades. Unfortunately, many physicians are unhappy with this model and feel commoditized. FHS was founded by this frustration with the desire to truly partner with our physicians. This isn’t lip service, we utilize a range of valid alignment strategies which offer physician and other providers the ability to directly impact the structure and management of the organization.
Yes. Many of our providers choose to see patients at FHS facilities without becoming directly involved with management.
Yes. We often offer our providers as well as other non-physician investors, the opportunity to invest with us in the real estate of our projects. Once the investors in a given market are identified, they will collectively decide the minimum and maximum monetary requirements to participate.
No. As with all investments, there are risks. Returns are dictated by the market and not FHS. FHS will offer conservative projections for potential investors to consider.
The first thing FHS needs to move forward is a signed NDA by the providers. In many cases, there are tight deadlines, particularly with real estate. The sooner FHS receives the NDA, the sooner the project moves forward.