healthier california fund introduction
TRANSCRIPT
The Healthier California FundSupporting growth and innovation
for California’s Community Health Centers
More Healthcare for More People
• Leading National Lender to Federally Qualified Health Centers
• Office in Oakland, CA
• Shared mission with FQHCs
• Experience with large and small health center networks
CPCA Ventures Loan Fund
• Created in 1999 with seed funding from The California Primary Care Association. Additional funding provided by Dignity Health
• Loan size up to $1 Million
• 3.175% Interest rate
• Up to 5-year, fully amortizing loans with 6-month interest only period
• Streamlined underwriting process
Supporting Successful Aging
• Launched in 2015 to increase access to quality services for low-income individuals aged 50+
• Partnership with AARP Foundation, AARP, Calvert Foundation
• Loans up to $5 Million
• Below market interest rate
• Individuals can invest directly in the program through a Calvert Foundation Community Investment Note
The Healthier California Fund
Subsidized pricing for innovative projects (interest rates as low as 4%)
Key Features
Financial support for technical assistance
Innovation Incentives
Whole patient care that includes proactively engaging patients and coordinating a range of medical and non-medical services that impact health outcomes
Better leveraging data and technology to improve health care delivery.
Health Care Delivery
Operational Innovation
Technical Assistance
Facility project planning
Project feasibility study
Development of detailed financial
projection
Construction project management during
the development phase
Operations improvement plans
The TA Process
Capital Impact Loan Officer works with health center to determine if assistance is needed.
If approved for assistance, Capital Impact Loan Officer will work with health center to identify TA provider.
Capital Impact engages TA provider directly. At the end of engagement, health center will complete a short evaluation.
Financing Options
Financing Options
500,000 - 6,000,000+$
Sample Transactions
Axis Community Health
Construction of a new 24,000 sq. ft. clinic facility that will double Axis’ capacity, allowing it to serve more than 10,000 additional patients annually
Integrated Behavioral Health model that combines primary care and behavioral health care under a single coordinated system
$6 Million through TCE partnership;
$750 Thousand through CPCA Ventures Fund
South Central Family Health Center
The health center, which has been in the neighborhood since 1981, serves a largely Latino, heavily uninsured population
Ground up construction of the health center’s 4th site will enable them to see an additional 7,200 patients per year
Worked closely with the health center through land title issues and other construction challenges
Questions?
Upcoming Events
Thursday, April 7th8:30AM - 9:30AM
The California Endowment’sOakland Conference Center
1111 Broadway, 7th FloorOakland, CA
Friday, April 1stNoon
CCALAC SymposiumHilton Orange County
3050 Bristol St, Costa Mesa, CA
eNewsletterFact Sheets
Stories & Blog
Stay in Touch!
Ian WiesnerBusiness Development
(313) 230-1116
Will RobisonSenior Loan Officer
[email protected](510) 496-2211
Thank you