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Financial Management

Financial Management: Program Information

Programs offered through the Financial/Management Services Programs are designed to assist health care organizations in operating more effectively, while offering only those services that contain economies of scale, have unique elements not available elsewhere, and/or require specialized knowledge beyond that available at most health care institutions.

Equipment and modernization financing is offered on a tax-exempt basis through the Healthcare Loan Program (HeLP). Borrowing rates are typically 50 percent of the pime rate and health care organizations can achieve economies of scale by sharing program costs with other organizations. Funds are also available through leasing, tax-exempt private placements, and a taxable commercial paper program. Approximately $900 million dollars have been made available to Michigan health organizations through the use of these services.