Business Services

CHHSM provides its members with innovative, responsive business services that offer competitive pricing as well as sustainable vendor relationships developed in the spirit of our common UCC values.

Our newest CHHSM business services are:

CHHSM Rx: a pharmacy service plan. CHHSM Rx offers the opportunity to buy prescription drugs at a discount through a purchasing coalition comprised of 15 denominational benefit plans including the Pension Boards-UCC.

CHHSM Planned Giving Partnership, a program for CHHSM member ministry development officers. CHHSM Planned Giving Partnership, provided in conjunction with the UCC Financial Development Ministry Team, provides a cooperative forum for learning and strengthening planned giving programs.

CHHSM Store
CHHSM's new group purchasing consortium, CHHSM Store, a group purchasing organization for CHHSM members that helps control the cost of business supplies, equipment and services. CHHSM Store is a partnership with Care Purchasing Services, Inc. (CPSI), a subsidiary of Life Care Services, Inc. in Delray Beach, Florida. CPSI provides GPO services through over 95 vendors to over 600 institutions across the United States.

CHHSM Health
Could you use help to curb the rising costs of health care? The CHHSM Board Business Services Committee is working with the Pensions Boards-UCC to create a new health insurance product that has the plan design and flexibility our members need. If you have questions or would like to offer your ideas about CHHSM Health, please email or call Mike Readinger at 216-736-2258 or 866-822-8224, ext. 2258.

Michael Readinger, CHHSM's Vice President for Business Services, is available to help you assess how CHHSM can serve your Ministry. Please call or email him:

Michael Readinger
Vice President for Business Services
voice: 216-736-2258
toll-free: 1-866-822-8224, ext. 2258
email

Resources

Financing and Operational Strategies for Surviving an Economic Downturn, plenary presentation from Cain Brothers (MS pptx, 1.6 MB)

The Financial Crisis and Senior Living: Operational and Debt Restructuring Considerations (PDF)

A Tale of Two Institutions in a Down Market (PDF, 80K)

Capital Benchmarks Report, May 2008 (PDF, 22K)

Give Me Shelter, an analysis of the health care sector funding crisis by Amy Hayman of Cain Brothers: Give Me Shelter (PDF, 65K)

10 Common Mistakes of Senior Care Providers, advice from Amy Hayman of Cain Brothers: 10 Common Mistakes (PDF, 26K)

Cain Brothers On Integrating Risk Management Strategies
In September 2007, Cain Brothers prepared a presentation on integrating risk management strategies and using interest rate sweeps to manage balance sheet volatility.View the presentation here. (PDF, 428K)

Managing Risk by Benchmarking
Amy Hayman, senior vice president at Cain Brothers, writes about achieving operating efficiency through benchmarking: Managing Risk by Benchmarking (PDF, 52K)

Is Your Retirement Plan a "Church Plan"?
Jim Herod, of the Pension Boards-UCC, writes about the special advantages available to retirement plans for ministries of the church within the present federal tax code: Is Your Retirement Plan a "Church Plan"?

Download an abridged version of "The Role of the Trustee," a presentation by CHHSM partner Cain Brothers (MS Powerpoint, 163K)