HCA Healthcare Announces $50 Million Fund to Provide Grants in 25 Communities It Serves

Rhea-AI Summary

HCA Healthcare has launched the Healthier Tomorrow Fund, a $50 million community impact initiative aimed at enhancing health equity and addressing critical community needs. Initially, grants will be awarded to nonprofit organizations across 25 locations, including major cities like Dallas, Houston, and Miami. This fund builds on HCA's longstanding commitment to community service, highlighted by its provision of over $3.4 billion in uncompensated care in 2020. The HCA Healthcare Foundation aims to expand its outreach through ongoing partnerships with various health and workforce-related nonprofits.

Positive

• Establishment of a $50 million fund to enhance health equity and address community needs.
• Grants will initially target nonprofits in 25 communities, including major metropolitan areas.
• Demonstrated history of community support with over $3.4 billion in uncompensated care in 2020.

Negative

• None.

HCA Healthcare, Inc. (NYSE:HCA), one of the nation’s leading healthcare providers, today announced that the HCA Healthcare Foundation has established a $50 million community impact fund designed to support innovative initiatives focused on addressing high priority community needs and health equity. Called the Healthier Tomorrow Fund, the positive impact fund will initially provide grants to nonprofit organizations in 25 communities where HCA Healthcare has a presence, including Dallas-Fort Worth, Houston, Miami, Palm Beach, Tampa, Tallahassee, Orlando, Kansas City, Denver, Austin, San Antonio and Asheville, with plans to expand to additional markets.

“The Healthier Tomorrow Fund will provide opportunities to make a lasting, meaningful impact in the communities where our colleagues live and serve,” said Sam Hazen, chief executive officer of HCA Healthcare. “For more than 50 years, HCA Healthcare has been caring for communities. By working together with nonprofit agencies, this fund will provide an opportunity to focus on high priority needs, health equity, and do more for our communities than we can do separately.”

Funding the Healthier Tomorrow Fund at the HCA Healthcare Foundation is one example of the many ways HCA Healthcare is making a positive impact in the communities it serves. In 2020, HCA Healthcare provided more than $3.4 billion in uncompensated care and incurred $4.1 billion in federal, state and local taxes. Additionally, HCA Healthcare continues to invest in the ongoing education and development of its colleagues and, as an enterprise, contributed $45 million to community organizations in 2020.

An anchor institution in Middle Tennessee, the HCA Healthcare Foundation has established deep relationships with more than 200 agencies in the area through collaboration, grant making, board member placement, volunteer service and thought partnership. Since its founding in 1982, the HCA Healthcare Foundation has distributed more than $231 million in grants. Funding the Healthier Tomorrow Fund will further expand HCA Healthcare’s philanthropy in additional communities that it serves.

"Family & Children's Service is a proud, long-standing partner of HCA Healthcare, where together we have initiated and supported a variety of initiatives to improve and strengthen the community in Middle Tennessee," said Michael McSurdy, president and CEO of Family & Children's Service. "We appreciate that HCA Healthcare thinks of us as a thought leader, as it relates to meeting community need."

Through the initial $50 million investment, the Healthier Tomorrow Fund will support partnerships with health and workforce related nonprofits along with charities that have evidenced-based programs that address community needs and health equity related to its focus areas. The HCA Healthcare Foundation will operate the Healthier Tomorrow Fund, and up to $5 million will be distributed in its first year.

In addition, HCA Healthcare will continue its established enterprise-wide partnerships with leading organizations to improve health and well-being, including March of Dimes, American Red Cross, The Jason Foundation and other national organizations.

For more information on the HCA Healthcare Foundation, visit www.hcacaring.org.

About HCA Healthcare

Nashville-based HCA Healthcare is one of the nation’s leading providers of healthcare services comprising 186 hospitals and approximately 2,000 ambulatory sites of care, including surgery centers, freestanding ERs, urgent care centers, and physician clinics, in 20 states and the United Kingdom. With its founding in 1968, HCA Healthcare created a new model for hospital care in the United States, using combined resources to strengthen hospitals, deliver patient-focused care and improve the practice of medicine. HCA Healthcare has conducted a number of clinical studies, including one that demonstrated that full-term delivery is healthier than early elective delivery of babies and another that identified a clinical protocol that can reduce bloodstream infections in ICU patients by 44 percent. HCA Healthcare is a learning health system that uses its more than 32 million annual patient encounters to advance science, improve patient care and save lives. Please click here to connect with HCA Healthcare on social media.

All references to “Company,” “HCA” and “HCA Healthcare” as used throughout this document refer to HCA Healthcare, Inc. and its affiliates.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210518005210/en/

FAQ

What is the Healthier Tomorrow Fund announced by HCA Healthcare?

The Healthier Tomorrow Fund is a $50 million initiative aimed at supporting community health needs and equity through grants to nonprofits.

Which communities are targeted by HCA's Healthier Tomorrow Fund?

The fund will initially support organizations in 25 communities, including Dallas-Fort Worth, Houston, and Miami.

How much did HCA Healthcare provide in uncompensated care in 2020?

HCA Healthcare provided over $3.4 billion in uncompensated care in 2020.

How will the Healthier Tomorrow Fund impact HCA's presence in the healthcare sector?

The fund aims to strengthen HCA's community connections and enhance its impact on health equity.

What types of organizations will benefit from the Healthier Tomorrow Fund?

Nonprofits focusing on health and workforce initiatives, especially those with evidence-based programs, will benefit from the fund.