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

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.