Cone Health is a premier healthcare system serving Greensboro, North Carolina, and its region. Their ‘AA IDR rating and revenue bond rating reflect strong market positioning, physician alignment, and an optimum payor mix in an expanding service area.
Cone Health’s focus on health equity generated many new questions and conversations among clinicians, prompting cultural competency training that’s now mandatory for all physicians.
Wesley Long Hospital
Wesley Long Hospital, founded by nationally-recognized physician and surgeon John Wesley Long MD in 1917 as a small clinic, has evolved into an outpatient surgery center, family birthplace maternity center, diabetes program, and much more. Part of Moses Cone Health System.
The Wesley Long Hospital Collection includes clippings, files, records, letters, publications, and manuscripts primarily collected by Wesley Long Hospital Volunteer Board members from 1919 to 1930. Additionally, it contains photographs, postcards, and materials related to its history, which can be found on site at Cone Health Medical Library.
As well as treating patients, Wesley Long Hospital also serves its community by providing education. They offer continuing education courses for nurses and healthcare providers. Furthermore, their staff provides support and guidance to family caregivers, an invaluable service, especially when caring for someone with complex medical conditions.
This hospital boasts over 315 practicing physicians in 61 specialties. Healthgrades has awarded it high scores in safety and quality of care ratings; furthermore, it was accredited by the Joint Commission on Accreditation of Healthcare Organizations and listed by U.S. News & World Report as one of the nation’s best hospitals.
Reidsville, North Carolina, offers many attractions and activities for visitors and locals alike. Residents take great pride in living here amidst peacefulness and history; although its pace may differ from other cities, Reidsville boasts exciting attractions and activities galore!
Public transit options to Wesley Long Hospital abound: the Piedmont Authority for Regional Transportation (PART) offers bus service from Randolph County. At the same time, Greensboro Transit Authority also runs routes directly into Wesley Long. There’s plenty of parking at Wesley Long, too – free shuttles operate Monday-Friday to transport visitors back and forth from their vehicles.
Cone Health Medical Group
Cone Health Medical Group is a physician-led regional primary and specialty practice network. Comprising over 700 doctors and other healthcare professionals working at over 100 locations – five hospitals, three ambulatory care centers, two surgery centers, and six urgent care facilities – it offers comprehensive inpatient and outpatient care that spans family medicine to obstetrics and pediatrics as well as superior, coordinated care through its network of specialists.
Moses H. Cone Memorial Hospital of Greensboro and Women’s Hospital are part of this system’s 628-bed Moses H. Cone Memorial Hospital complex; Wesley Long Hospital, Alamance Regional Medical Center, Annie Penn Hospital, and North Carolina Cancer Hospital all serve five counties (Guilford, Forsyth, Rockingham, Alamance, and Randolph counties) within its service area. With its diverse payor mix and leading market share in its primary service area (PSA) and surrounding secondary service area (SSA), midrange revenue defensibility can be ensured.
Atrium Healthcare’s market position is reinforced by its extensive reach for inpatient and outpatient services in its geographic footprint and a strong reputation for quality and cost-efficiency. However, Duke Health poses competition in Alamance County, Atrium, and Novant in western Forsyth and Randolph counties, respectively, as well as private practice providers offering some specialty ambulatory specialties.
As of 2022, the system had assets totaling $2.5 billion – including assets at the MCMH campus and four freestanding ambulatory care campuses – with total debt totaling $1.1 billion, yielding a cash-to-adjusted debt ratio of 130% and a negative net adjusted debt-to-non operating-expenses ratio of 2.1x.
Cone Health offers exceptional clinical and inpatient care and runs numerous community initiatives to promote healthier lifestyles, such as community wellness and education programs. Furthermore, Cone Health sponsors annual events such as Children’s Holiday Tree Lighting and Great American Race races.
The Foundation seeks to enhance community health and well-being through grants, investments, and advocacy. Inspired by its founder Bertha Cone’s belief that everyone should have access to quality health care, The Foundation leads in funding initiatives to address historically marginalized populations’ health concerns.
Cone Health Behavioral Health
Cone Health Behavioral Health offers addiction treatment in Greensboro, North Carolina. They provide inpatient and outpatient programs and group and family therapy – these help individuals learn how to cope with and overcome their conditions, often covered by insurance. Furthermore, Cone Health Behavioral Health also offers life skills training such as communication, time and money management, and career guidance that can empower someone suffering from addiction to feel more capable and independent.
Guilford and Rockingham counties. Its flagship hospitals, Moses H. Cone Memorial Hospital, Wesley Long Hospital, and Women’s Hospital, can be found in Greensboro; Alamance Regional Medical Center in Burlington and Annie Penn Hospital in Reidsville are also part of this system, as are four ambulatory care campuses as well as more than 150 physician practices and outpatient locations.
Cone Health System-Behavioral Health Hospital of Greensboro, North Carolina, offers highly qualified psychiatrists for treating mental illness and co-occurring disorders in children, adolescents, and adults of all ages. Psychotherapy and medication may be administered, while evidence-based approaches such as cognitive behavioral therapy help clients modify negative thoughts and behaviors.
Cone Health System also offers family therapy as a psychiatric service, which assists parents in understanding how best to meet the emotional needs of their child(ren). Family therapy may be beneficial for treating trauma or abuse cases; additionally, therapists can teach parents strategies for combatting anxiety and depression.
Outpatient addiction treatment in Greensboro, NC, offers individuals looking for ways to break free from drug or alcohol dependency an effective solution. Unlike residential rehab, outpatient treatment allows individuals to continue living their daily lives while working toward recovery – programs typically last one month and focus on the root causes of addiction. While on outpatient treatment, you will work alongside psychiatrists, psychologists, nurses, and social workers.
Cone Health Home Care
Cone Health, located in Greensboro, North Carolina, is a non-profit hospital and healthcare network serving Guilford, Rockingham, Alamance, Caswell, and Randolph counties in North Carolina. Their services include six hospitals, three ambulatory care centers, a retirement community, and over 100 physician practice sites – they strive to be national leaders for quality, service, and cost excellence and have received several accolades such as Healthgrades 2018 Distinguished Hospital Awards at five of their hospitals.
The system’s market position is further reinforced by strategic capital investments and strong physician alignment, along with resilient liquidity management and an optimal payor mix – factors that have earned the system its ‘AA’ rating; Fitch has also assigned these ratings for long-term ratings on these systems.
Cone Health Home Care offers various senior services to enhance old lives. Their comprehensive approach to senior care meets each individual and family’s needs and is customized for them. From primary care through skilled nursing, housing options, and assisted living communities – Cone Health Home Care’s wide range of senior services is there for seniors of any age to ensure they lead fulfilling lives.
Fitch’s analysis of Cone Health’s cash and unrestricted investments shows sufficient liquidity to cover near-term operating expenses and debt maturities, including capital spending needs and deleveraging, even under stressful forward-looking scenarios. Furthermore, it’s leverage and cash-to-adjusted debt ratios remain within Fitch’s AA financial assessment range, offering midrange revenue defensibility with an excellent operating risk profile.
Cone Health is committed to expanding access to quality health care for underserved residents in its area, such as through Burlington’s Open Door Clinic, which offers discounted or free medical and dental services for people without insurance coverage. This clinic ensures everyone can obtain necessary healthcare; roughly 1 million North Carolinians currently don’t have health insurance, so this resource is an essential one-stop shop.
