CareThreads Podcast
American Rescue Act

American Rescue Plan Act Overview – How to move quickly to participate

Tom Herzog, Chief Operating Officer, Netsmart
Kevin Scalia, Executive Vice President, Corporate Development, Netmart

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, discuss this significant legislation.

What's included? What does the legislation provide for the human services and post-acute provider communities we serve?

Here's what Tom and Kevin discussed:

  • 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. This included identifying technology as the bridge to full integration 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.
  • Need to move fast: Some providers wait too long to put together a business plan and strategy. While lots of money will be allocated, it will be spent fast. Also, non-traditional competitors are moving into the space.
  • Benefits of thinking 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 and Tom Herzog was taken from our show Netsmart Care Threads.

If you want to hear more episodes like this one, look for the Netsmart CareThreads podcast on Apple Podcasts, Google Podcasts, Spotify or Stitcher.

You might also enjoy

Featuring Monica Oss, Chief Executive Officer, OPEN MINDS Dave Strocchia, SVP and Managing Director of Human Services, Netsmart

Managing Top-Line and Bottom-Line: Sustainability Strategies for Behavioral Health Organizations

Monica Oss, Chief Executive Officer, OPEN MINDS
Dave Strocchia, SVP and Managing Director of Human Services, Netsmart

August 28, 2023

What strategies do a human services organization need to improve both top-line (growth) and bottom-line (profit) sustainability? Learn how to leverage technology for business health, including less overhead, happier staff, more service lines and stronger consumer engagement.

More
Toni Pergolin, CEO of Bancroft Mike Valentine, CEO of Netsmart

Changing Lives: Transform Your Finances, Elevate Your Care

Toni Pergolin, CEO, Bancroft
Mike Valentine, CEO, Netsmart

April 11, 2023

How did a CFO with a non-clinical background revolutionize care for a 140-year-old IDD nonprofit? Learn how a financial turnaround led to better care, staff retention and shared vision.

More
Featuring Bill Dombi, President, NAHC and Mike Dordick, SVP, Post-Acute Strategy, Netsmart/President, McBee

NAHC President Bill Dombi Shares 2023 Industry Outlook

Bill Dombi, President, NAHC
Mike Dordick, SVP, Post-Acute Strategy, Netsmart/President, McBee

February 22, 2023

The president of the National Association for Home Care & Hospice (NAHC) says the performance of these agencies during the pandemic raised their awareness among the public and people in other parts of health care services. As we move through 2023, and further away from the pandemic, home care agencies and hospices are looking to increase their value in the overall home care landscape.

More