Feature
Vital Healthcare Capital Offers Flexible
Financing for LTPAC Innovations
I
n August, executives from Vital Healthcare Capital (V-Cap) and LeadingAge
New York met to discuss opportunities to support innovative care models
and address the financing needs of long term and post-acute care providers in a
transforming delivery system. V-Cap is a new non-profit social impact loan fund
set up to support better integrated care for vulnerable populations across the
continuum of care and good healthcare jobs for the frontline healthcare workforce.
V-Cap is interested in exploring – with LeadingAge New York member
organizations – how flexible financing may be needed for key components of the
continuum of care, such as expansion of integrated care models including PACE,
specialized sub-acute services for low-income communities and filling critical gaps
such as geriatric behavioral health and Medicaid assisted living. V-Cap is interested
in identifying near term opportunities where it could be a useful financial partner
to LeadingAge NY members, as well as longer term capital needs that may require
specialized or non-conventional sources of financing.
V-Cap’s loan fund currently can provide facilities, business and bridge loans of
up to $5 million for organizations and projects serving low-income populations.
The fund is structured to provide flexible financing to a changing healthcare
system. Facilities loans
support the acquisition,
V-Cap is a new non-profit social impact
construction, renovation
loan fund set up to support better integrated
or initial start-up costs
care for vulnerable populations across the
for healthcare facilities.
Bridge loans allow
continuum of care and good healthcare jobs
healthcare providers
for the frontline healthcare workforce.
to respond rapidly to
specific opportunities in their markets, with a clear source of take-out financing,
while business loans can be used for working capital; infrastructure, equipment
or information systems; or as cash reserves to meet regulatory requirements.
V-Cap, launched in conjunction with an investment in a pioneering model of care
for Medicare-Medicaid dually eligible individuals, funded in partnership with the
Robert Wood Johnson Foundation and is seeking to build on that initial investment
in quality care for the most vulnerable.
V-Cap CEO Steven Weingarten said, “Developing sustainable and person-centered
care for the low-income frail elderly, people with disabilities and other vulnerable
populations continues to be among the most important challenges in the changing
healthcare system. V-Cap formed to partner with providers to help with flexible
financing around both emerging and continuing needs.”
For more information about Vital Healthcare Capital, visit www.vitalcap.org.
You may also contact Montsine Nshom, co-director of community healthcare
investments at [email protected].
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Adviser a publication of LeadingAge New York | Fall 2016