Monday, June 29, 2015

New Analysis Shows Health Centers Have a Powerful National Community Impact

Using an integrated economic modeling and planning tool and the latest Uniform Data System information (2013), Capital Link calculated the economic effects of health centers across the nation. Health centers collectively generated more than $39.7 billion in total economic activity for their local communities in 2013 – a 28% increase since 2010. Health centers directly supported over 156,000 full-time jobs plus an additional 147,000 jobs in other industries, a 23% increase from 2010. Download a copy of the infographic here.


http://www.caplink.org/images/stories/Resources/reports/Infographic-National-Health-Center-Impact-2015.pdf

In the past, health centers have used this information to educate policymakers, seek community support, and pursue funding opportunities. For more information on the variety of community impact analyses Capital Link offers for health centers and PCAs, visit our website or contact Steve Rubman, Capital Link's Director of Information Systems, at srubman@caplink.org.

Tuesday, June 23, 2015

New Strategic Planning Toolkit for Health Centers


The health care industry is experiencing rapid change brought on by demographic shifts, economic influences, policy changes, and mandated system adjustments. These changes are especially significant for Federally Qualified Health Centers (FQHCs) because of their significant reliance on government programs for reimbursement. While always important, strategic planning has recently become an organizational imperative for health centers as they seek to successfully navigate uncharted territory.

Creating a Dynamic and Useful Strategic Plan, an interactive resource developed by Capital Link and the National Association of Community Health Centers (NACHC), provides health centers with a toolkit to create and maintain a useful strategic plan. Organized into five sections, it begins with tools for health centers to examine and reaffirm their mission and purpose and then provides a pathway to generate well-informed expectations, measurable organizational objectives, and definitive steps to attain goals. Finally, it offers tools to distill this information into the critical actions health centers need to manage strategically and achieve sustainability. This toolkit was supported by the Health Resources and Services Administration (HRSA).

Access this resource at www.caplink.org/resources/publications and MyNACHC.

Attend An Introduction to "Creating a Dynamic and Useful Strategic Plan, a New Toolkit for Health Centers,” our free webinar for health centers and Primary Care Associations. This webinar will provide an overview of this new resource, introducing the specific function of each tool so that health center leaders can identify the appropriate method to complete an effective strategic plan. Register here: https://attendee.gotowebinar.com/register/9185196260853698818
 

Monday, June 15, 2015

NMTC Allocations Announced: Capital Link Affiliate Receives $25 Million

Health Centers with Capital Project Plans Should Act Now!

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund announced the awardees for the 2014 round of New Markets Tax Credit (NMTC) allocations. The awards, which total over $3.5 billion, are aimed at revitalizing low-income communities and increasing economic opportunity nationwide. The 76 Community Development Entities (CDEs) that received these awards are actively seeking projects to finance. This is great news for health centers, given that many CDEs are interested in providing financing for community health center expansion and renovation projects.

Capital Link is proud to announce that our lending affiliate, Community Health Center Capital Fund (Capital Fund), has been awarded a $25 million NMTC allocation. This opportunity will help us provide health centers with greater access to this funding option and allow us to streamline and accelerate the process for eligible projects.

While NMTC financing is a critical source of low-cost capital and equity for health center facility projects—often securing approximately 20-22% of total project costs—obtaining credits from a CDE with an allocation is a highly-competitive and complex process. Interested health centers must demonstrate a high level of project readiness and be able to communicate the merits of their projects to CDEs with allocation. Furthermore, the process of structuring and closing an NMTC transaction is complicated and the terms, benefits, and fees offered to borrowers vary widely.

Capital Link has extensive knowledge of the NMTC financing process and has strong connections with Capital Fund and other CDEs interested in working with health centers. To date, Capital Link has structured 43 NMTC transactions totaling $552 million for health center projects totaling $699 million. We’ve also assisted many health centers with combining NMTC financing with HRSA capital grants—an excellent option, especially for projects of $5 million or more. (Read some success stories here, here, and here on our website.)

For help in determining whether NMTC financing could be a good fit for your health center, please contact Mark Lurtz, Senior Director of Marketing and Project Consulting at mlurtz@caplink.org or 636-244-3082 or Mary Ann Wayne, Director of Loan Programs, Community Health Center Capital Fund at mwayne@caplink.org or 617-988-2230.

To learn more about the NMTC program and how it works, click here to access our Spotlight on Capital Resources: New Markets Tax Credits publication and our recently released Spotlight on Capital Resources: New Markets Tax Credit Program Update.