2023 Annual Comprehensive Report

quickly transformed into a Covid-19 stand-alone facility and re-opened on April 13, 2020 to rapidly address the immediate needs resulting from the pandemic. As a result of Cone Health’s quick and innovative response to the pandemic, it was named one of 103 hospitals in 28 countries to receive the Beyond the Call of Duty for Covid-19 recognition badge from the International Hospital Federation (IHF). In August 2021, Cone Health announced plans to invest $34 million to bring new and expanded heart care and interventional radiology services as well as redesigned breast care facilities to Alamance Regional Medical Center, adding 14,000 square feet and renovating approximately 49,000 square feet. The expansion project is expected to take over two years to complete. In 2018, Cone Health invested $38 million in renovations of operating suites at Wesley Long Hospital and $23.5 million for an emergency MedCenter in Northwest Greensboro to meet the expanding need for emergency medical services in the area. These projects continue to ensure long–term sustainability and transform health care services for the community and add to the substantial investment Cone Health made in its North Tower project, which opened in June 2013. In 2022, Moses H. Cone Memorial Hospital tied for third by U.S. News and World Report for the top hospitals in North Carolina. In 2023, U.S News and World report ranked Cone Health hospitals nationally at #36 for rehabilitation and high-performing nationally in gastroenterology and GI surgery, orthopedics, and pulmonary and lung surgery. Also in 2023, Cone Health was recognized for the fifth consecutive year by Forbes on its list of America’s Best-in-State Employers. Forbes surveyed 70,000 employees from all 50 states who work at companies with at least 500 employees. The anonymous assessments included working conditions, diversity, salary, potential for development and company image. The City created the South Elm Street Redevelopment District as part of an initial $11 million redevelopment project on 10 acres of abandoned property located on the south side of town. In 2011, the Redevelopment Commission of Greensboro selected South Elm Development Group as the master developer to oversee the development components of the project. The plan includes a collaborative teaching facility with nearby universities, mixed-use commercial, retail and residential buildings complemented with generous pedestrian plazas, passageways and sidewalks linking area buildings creating a vibrant community. One of the first developments in the district was the Union Square Campus . In 2017, the Construction Professionals Network of North Carolina announced Union Square Campus as the winner of the annual Star Award, given for an outstanding construction project between $10 million and $25 million. Phase I of the downtown university campus project was completed in August, 2016 with the opening of an 85,000 square-foot building to house the

Bachelor and Doctor of Nursing programs and a simulated surgical lab. The $37 million healthcare related project was jointly planned by NC A&T State University, UNC Greensboro, Guilford Technical Community College and Cone Health. A 7.5 acre site was selected in Greensboro’s South Elm Redevelopment area, of which 2 acres was donated by the City for this first phase of the project. City leaders also authorized funding up to $500,000 in other infrastructure improvements as well as building parking spaces associated with the building. Plans for additional development at the site are

underway. The fully developed project is envisioned to involve seven educational institutions and to be funded with public, private, state and federal grant contributions. The estimated long-term economic impact of this project is more than $500 million, according to a recent economic analysis study.

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