Is your Health Center Navigating Financial Challenges?
With the recent Medicaid wind-down costing health centers an average of $600,000 and the impact of 340B drug payment reductions, FQHCs have lost significant sources of income. This financial strain has forced many health centers to make difficult decisions, such as eliminating programs, closing locations, and reducing staff.
Unemployment Solutions for FQHCs from First Nonprofit!
First Nonprofit (FNP) has a 30-year history of partnering with health centers when tough decisions about the future of an organization and its people are required. FNP’s primary role is to provide organizations with options so that leadership teams are fully informed about managing unemployment insurance obligations.
Did you know?
Over half of states offer a workshare program to employers who reduce hours rather than lay staff off.
This program can be a beacon of hope, allowing you to retain experienced staff who can work limited hours and collect partial unemployment to bridge the salary gap.
What can your FQHC do?
Regardless of your current method of funding unemployment, it’s crucial to review it annually, just as you do with other insurance coverages. Learn how one of FNP’s programs can help save your health center thousands in costs, giving you the confidence to make the best financial decisions for your health center.