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Executive
Summary
INTRODUCTION
Renaissance
Healthcare
Systems,
Inc.
(“Renaissance”)
was formed
to
acquire,
develop,
manage,
and
convert
existing
struggling
hospitals
into
profitable
acute
hospitals.
It is the
mission of
Renaissance
management
to convert
under‑performing
acute care
hospitals
into
profitable
acute care
hospitals.
Upon
acquisition,
this
mission is
accomplished
by:
Upgrading
the
facilities,
especially
the
operating
rooms,
with
state-of-the-art
equipment;
Strengthening
the
existing
relationships
with
the
physicians
and
service
providers
within
the
facility’s
market
area;
Forming
new
strategic
relationships
with
the
physicians
and
service
providers
within
the
facility’s
market
area;
Assisting
the
service
providers
with
their
practice
development
by
providing
state-of-the-art
facilities;
Providing
a
strong
marketing
effort
by
the
hospital’s
staff
which
supports
the
provider’s
practice
specialty;
and
Converting
the
hospital
from
the
traditional
acute
care
general
hospital
to a
focused
specialty
surgical
hospital
providing
pain
management
surgery,
orthopedic
surgery,
GI
surgery,
bariatric
surgery,
and
general
surgery.
HISTORY
In 2001,
Renaissance
Hospitals
began
operations
with the
purchase
of a
struggling
facility,
Northside
General
Hospital.
In early
2003,
Renaissance
Hospital
was able
to
complete
its second
purchase,
HEALTHSOUTH
Surgical
Center
which was
renamed to
Renaissance
Surgical
Center.
In late
2003,
Renaissance
Hospital
completed
its third
purchase,
Northpoint
Surgical
Center
located in
Edinburg,
Texas and
renamed to
Renaissance
Surgical
Center of
South
Texas. In
2004,
Renaissance
Hospital
was able
to acquire
its fourth
purchase
from
Chapter 11
Bankruptcy,
Doctors
Hospital
in Groves,
Texas and
renamed to
Renaissance
Hospital-Groves.
In 2005,
the fifth
purchase
for
Renaissance
was Dallas
Southwest
Medical
Center
which was
acquired
from
Chapter 7
Bankruptcy
and
renamed to
Renaissance
Hospital-Dallas.
Renaissance
has
developed
its own
computer
software
which
controls
the
billing
and
collections,
as well as
accounting,
payroll
and human
resource
information,
for all
Renaissance
facilities
from the
Centralized
Business
Office of
the parent
company,
Renaissance
Healthcare
Systems.
The
corporate
office of
the parent
company,
Renaissance
Healthcare
Systems,
and the
Centralized
Business
Office for
the three
hospital
facilities
has
completed
its
relocation
to a new
60,000
square
foot
location.
OPPORTUNITY
Renaissance
has
identified
a niche
opportunity
for the
company to
acquire
and
develop
acute
surgical
hospitals.
The
company’s
core
experience
is in its
ability to
carry out
the
following:
To
acquire
and/or
develop
facilities
which
meet
the
specific
needs
of
physicians
and
patients,
while
remaining
cost
effective;
To
minimize
costs
and
maximize
profit
through
centralized
essential
functions
such
as
purchasing,
billing
and
collections,
contracting,
and
marketing;
Eliminating
unneeded
layers
of
management
which
enables
managers
and
employees
to
work
together
in
developing
organizational
changes;
and
Our
clear
business
practice
to
the
acute
surgical
hospital
which
clearly
defines
the
market
where
we
create
a
profitable
fit
for
the
hospital,
physicians
and
their
services.
Current
Market
Conditions
As a
company,
Renaissance
has
targeted
the market
segments
marked as
being a
“nuisance”
or “not
profitable”
by
traditional
medicine.
There is a
ground
swell of
interest
from
physicians,
patients,
insurance
plans and
the
investment
community
in this
proven
model.
Competitive
Analysis
The
competitive
healthcare
environment
is
extremely
fragmented.
Most
facilities
act as
general
acute
hospitals
which
incur
large
operational
expenses
without
direction
and/or a
focused
profit
model.
Renaissance
capitalizes
on this
opportunity
by
acquiring
struggling
hospitals.
The
company is
able to
develop
new
facilities
with
state-of-the-art
surgical
equipment
while
offering
the
highest
profitable
surgical
services
needed
within any
given
market.
Renaissance’s
model
takes a
no-nonsense,
straightforward
approach
to the
healthcare
industry.
With
strong
marketing
directed
to the
physicians,
streamlined
operations
and
management,
and the
reimbursement
benefits
of an
acute
surgical
hospital,
we will
eliminate
the long
delays
between
facility
development,
medical
services,
and
profitability.
Business
Model
Renaissance
is a
turnkey
developer
and
solutions
provider.
By
offering
state-of-the-art
equipment,
meeting
physician’s
demand,
streamlining
operations
and
management,
Renaissance
eliminates
the common
obstacles
to
profitability
within the
healthcare
industry.
The
company’s
service
eliminates
the high
cost of
infrastructure
and its
impact on
operations.
It is our
mission to
develop
complete
facilities
utilizing
our model
and
available
infrastructure.
Renaissance
can be a
highly
scalable
and robust
enterprise.
Additional
services
will be
added as
the
company
establishes
its
position
and
dominance
in the
targeted
segments.
The
following
diagram
illustrates
the
company’s
phased
development
plan.
|
PHASE 1
(Completed)
Renaissance Hospital
Houston
Renaissance Hospital
Groves
Renaissance Hospital
Dallas
Renaissance Hospital
Grand
Prairie
Renaissance
Hospital
Terrell |
PHASE 2
(6-12 months)
Acute Care Hospital
North, TX
|
PHASE 3
(6-18 months)
Targeted Acquisition of
Acute Care Hospital and
Surgery Centers
> Texas
> Louisiana
> Florida |
Marketing
& Business
Development
Sales are
achieved
through
consistent
direct
marketing
to
physicians
and
patients
who have a
need for
our
services
and
facilities.
-
By
providing
these
targeted
physicians
with
the
comforts
they
want
and
the
state-of-the-art
surgical
equipment
they
need
to
perform
their
surgeries
and
maintaining
a
very
high
level
of
patient
satisfaction,
Renaissance
is
able
to
attract
additional
physicians
who
in
turn
perform
their
surgeries
and
services
at
our
facilities.
-
Through
the
utilization
of
the
Internet,
media
and
direct
marketing,
Renaissance
will
be
positioned
to
develop
a
large
referral
base
of
potential
surgical
candidates
for
the
targeted
physicians.
This
has
currently
been
effective
in
local
markets.
FUTURE
The future
for
Renaissance
Healthcare
Systems is
extremely
bright as
the
management
and
personnel
in place
are able
to meet
the
challenge
of
improving
the
quality of
healthcare
for our
patients.
We believe
that
within 36
months,
Renaissance
Hospitals
will have
a total of
15
hospitals
in its
system and
that our
profits
will
continue
to exceed
industry
levels.
Home l
Mission Statement l
Executive Summary l
Affiliations l
Employee Benefits l
General Services
Bariatric Surgery l
Orthopaedic Surgery l
Pain Management l
Employment Applications
Houston Careers l
Dallas Careers l
East Texas Careers
l
Contact Us
Renaissance Houston l
Renaissance Dallas l
Renaissance Groves
Renaissance
Grand
Prairie
l
Renaissance
Terrell
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