Project Overview
Location
Project Type
Job Creation
The Story
Tippah County Hospital is a Critical Access provider building a new adjacent modern hospital facility. The current facility is a 69-year old building that is in dire need of replacement. The new hospital will have at least 192 jobs and ensures that emergency healthcare is available twenty-four hours a day, seven days a week to the citizens of Tippah County and surrounding counties in rural North Mississippi. As a medically underserved area in one of the most unhealthy states in the country, the new facility will help improve local medical talent and radically improve patient outcomes.
The Mississippi-based project featured tremendous community support including $9 million in local bond financing and NMTC allocation from three Mississippi CDEs.
The Financing
- Total Project Cost: $24.1 million
- MuniStrategies Allocation: $5.5 million (additional allocation from three other CDEs)
- Total State (MS) NMTC allocation: $10 million
The Impacts
- Economic: The new facility will deliver a higher level of healthcare to support local communities and surrounding businesses. In 2019, the current outdated facility had a total of 14,937 patient visits, 50.8% of which were LIPs. The facility delivered over $40 million in care with approximately 60% of services paid by Medicare/Medicaid and over $5 million was for indigent care.
- Jobs: The Project will create 19 new full-time jobs and retain 173 jobs by building its upgraded facility. The project will also create construction jobs. Approximately 61% of these positions are or will be available to residents of the low-income community. The facility works with the local community college, Northeast Mississippi Community College, as part of its workforce training efforts. It also works with local GED programs to offer short-term employment opportunities that could lend itself to providing permanent positions in the future.
- Community: The facility will provide emergency healthcare 24 hours a day/7 days a week to the residents of Tippah County and nearby Benton County (which does not have a hospital). It provides routine outpatient testing to its patients, including the 250 nursing home residents that it serves. In 2018, the current outdated facility had a total of 14,937 patient visits, 50.8% of which were LIPs. Approximately 60% of services were paid by Medicare/Medicaid.
- Workforce Development: Tippah County Hospital has committed to $40,000 per year in critical workforce training (or $280,000 for the compliance period). The hospital’s offers extensive training to its employees based on their position within the hospital. Such training includes basic life support, advanced cardiovascular life support, pediatric advanced life support, and many others.
In the News
Supervisors take steps toward construction of new hospital
Tippah County hospital begins demolition at site where new hospital will be built