Capital Link would like to congratulate Avenue Community Development Corporation with Legacy Community Health, Blackstone Valley Community Health Care, Esperanza Health Centers, and First Choice Community Healthcare for being awarded Healthy Futures Fund (HFF) planning grants provided by The Kresge Foundation and Local Initiatives Support Corporation (LISC). The health centers were selected for their ability to demonstrate plans for innovative, groundbreaking capital projects (described in the box below) that involve unique collaborations with community partners to expand access to health care while also addressing at least one other critical community need, such as affordable housing, access to healthy food, job training, schools, elder care, and other community wellness projects.

Prior to receiving the grants, all four health centers participated in a free HFF Readiness Program, offered by Capital Link and sponsored by LISC and Kresge. Capital Link provided program participants, a group of 10 centers selected through a competitive application process, with technical assistance to advance their capital project plans and prepare for additional funding. A HFF partner, Capital Link developedthe Readiness Program based on our 18 years of planning and development experience in support of FQHCs nationwide.

A $200 million initiative formed by the LISC, Morgan Stanley, and Kresge, HFF utilizes New Markets Tax Credit and loan capital to improve community health by expanding healthcare access and addressing social determinants of health. Read more here.

 

Until recently, the New Markets Tax Credit (NMTC) Program was one of several tax credit programs that required annual approval and appropriation through the federal budget process. In December 2015, the situation changed when Congress approved the program for five more years (2015-2019) at an annual appropriation of $3.5 billion. While the program is still not permanent, this extension provides a welcome degree of certainty to the industry. Health centers with capital project plans will have the time to find and secure a site in a qualifying census tract and, if necessary, conduct a multi-year capital campaign with reasonable confidence that the credits will be available when it is ready to begin building.

Our latest resource publication, Spotlight on Capital Resources: New Markets Tax Credit Program Extension, is designed to help health centers better understand the extension and its implications. The third in a series of NMTC Program resources published by Capital Link, this resource also describes the steps necessary for preparing to utilize NMTCs for your capital project (including a discussion on new constraints on the use of the “one-day loan” structure) and the feasibility of using a “developer fee” in the transaction to increase investment in your project.

To access this new resource, please click here.

 
 
To help health centers take advantage of this opportunity, we will also be hosting a webinar, Financing Health Center Projects with New Markets Tax Credits, on Thursday, October 13, 2016, from 2-3 pm ET. This work session will acquaint participants with the benefits provided by using NMTC, how to obtain them, and how to structure and close transactions. We will discuss some near-term opportunities arising from the historically large 2015-2016 allocation round. Register by clicking here

Using data and technology, organizations can now move beyond simply tracking the past to anticipate the future through the use of predictive analytics, technology that learns from experience [data] to predict the future behavior of individuals in order to drive better decisions. Predictive analytics is now becoming more applicable to health care, and will eventually become essential for health centers to improve patient care, reduce costs, and negotiate favorable contracts with payers.

Health centers can utilize predictive analytics in a multitude of ways, furthering its consideration and implementation of patient engagement, patient compliance, chronic disease management, regulatory compliance, avoidable deaths, hospital readmissions, public health, waste and abuse, and health outcomes. And this is only the beginning. Predictive analytics is in its infancy within health care, and the exponential pace of technological advancements will identify additional uses and benefits we have yet to consider.

 

 
Capital Link and the National Association for Community Health Centers (NACHC) have just released, Predictive Analytics: An Overview for Community Health Centers. The purpose of this publication is to:
 
  • Define predictive analytics
  • Provide an overview of its history and development
  • Address the data and resources needed to predict a patient’s future behavior
  • Identify how a health center can begin utilizing it
  • Include specific examples of how it has been successfully used
  • Clarify health centers’ understanding and expectations of predictive analytics

 

 Access this publication at no cost here and at MyNACHC.  

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