The community health center (CHC) industry is likely facing the reduction of operating grants in the near future. With that reality facing our industry and other financial challenges looming, thoughtful planning and careful preparation is a must to help ensure that there are minimal or no service disruptions. What other financial resources could be utilized to make up the difference? What services, locations, and programs provide much needed margin to the CHC and which ones reduce financial resources? Are other programs such as 340B, Medicare, and Medicaid reimbursement being utilized to their potential? Should the CHC consider out-of-scope programs and services and what implications are there (both regulatory and financial) to that avenue? Thoughts on these questions and more will be explored during this finance session.
- Understand the reality of the reduction of grants and guidance on planning and preparation for this possibility.
- Identify the financial revenue streams of a community health center, and tips and hints to help ensure that those revenue streams have been optimized.
- Identify the regulatory and financial implications of out-of-scope services to understand the pros and cons of that decision.