American Rescue Plan Act Overview – How to move quickly to participate
Congress passed and President Biden signed the $2 trillion American Rescue Plan Act. How will it affect your organization? In this episode of Netsmart CareThreads, Tom Herzog, Chief Operating Officer for Netsmart, and Kevin Scalia, EVP, Corporate Development at Netsmart Technologies, discuss this significant legislation. What's included in it? What does it provide for the human services and post-acute provider communities we serve? Here's what Tom and Kevin talked about: - Funding and grant opportunities for human services and post-acute care providers in the American Rescue Plan Act. - The impact of COVID-19 on the scale of this legislation. - How Netsmart collaborated with leading industry associations to build a common agenda to highlight the funding needs of providers who need technology as the bridge to fully integrate with other key components of the healthcare ecosystem. - Potential future legislation with levels of funding that could fundamentally change the way Netsmart clients deliver Home and Community-Based Services. - Move fast: Some providers wait too long to put together a business plan and strategy. Lots of money being allocated, it will be spent fast. Also non-traditional competitors are moving into the space. - Think big: Look beyond vertical thinking like opening new facilities…to horizontal thinking like how to leverage current service lines and expertise in new settings This discussion with Kevin Scalia was taken from our show Netsmart Care Threads. If you want to hear more episodes like this one, check us out on Apple Podcasts. If you don’t use Apple Podcasts, you can find every episode here.