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PO Box 360
Trenton, NJ 08625-0360
|Poonam Alaigh, MD, MSHCPM, FACP|
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The Department of Health and Senior Services today announced that $30 million in Health Care Stabilization Fund grants will be awarded to 10 health care facilities facing financial and operational challenges. The grants will provide assistance in maintaining health care access in communities where services are at risk.
· Graduate Medical Education support was increased by $30 million (to $90 million) and will be distributed under a new formula to 38 qualifying hospitals rather than the 24 that received it in 2011.
· The Hospital Relief Subsidy Fund remains stable at $166 million but will be allocated under a new formula to all 72 New Jersey hospitals rather than just the 26 that were eligible in SFY 2011.
· Charity Care was increased by $10 million (to $675 million) and will be distributed under a new formula to all 72 New Jersey hospitals.
Healthcare Stabilization Grant applications were reviewed by a team from the DHSS in consultation with the Health Care Facilities Financing Authority.
· Health care facilities faced closure or significant reduction of services
· Impact of updating Medicaid inpatient rates
· Extraordinary circumstances threatened access to essential health care services for residents in a community
· The population and community served
· Plans are appropriate to stabilize access and availability of services to the target population
· Activities proposed are measurable and include a reasonable time frame for outcomes to be achieved
· The health care facility has demonstrated efforts to make efficiencies and improve facility management and governance
· Project must be appropriate and incorporate a comprehensive budget narrative
· A description of how services will be sustained after the grant funding ends
Facilities will be required to document progress on operational and financial indicators in order to qualify for this funding. In addition to the quality and efficiency conditions attached to the grant, the DHSS, in consultation with the State Comptroller, will require each facility to complete an audit to assure expenditures are consistent with the provisions of statute, regulations, and any conditions imposed upon the award of the grant.
Department of Health
P. O. Box 360, Trenton, NJ 08625-0360