NYSDOH Announces Application Process For
Financially Distressed Nursing Homes
The NYS Department of Health announced the opening of the application process for the Nursing Home Vital Access Provider Assurance Program (VAPAP). Up to $100 million were made available through the FY 23 Enacted Budget to support nursing homes in severe financial distress to request fiscal assistance to maintain operations and vital services through March 31, 2023, while they implement longer-term solutions to achieve financial sustainability. Successful applicants will identify and begin implementation of initiatives during the funding period that will improve the likelihood of future financial sustainability while maintaining essential services to their communities.
Given the near-term cash needs of some nursing homes, and the prospect of cash needs of other facilities developing later in this fiscal year, the Department announced that it will accept applications on a rolling basis throughout the year. The deadlines to submit an application for financial assistance (XLS) will be:
August 1, 2022
November 1, 2022
February 1, 2023
To be eligible for funding, nursing homes will have to demonstrate the following:
Be defined as an article 28 residential health care facility that is not operated by a county or a public benefit corporation; AND
Have less than 20 days of cash as of 12/31/21; OR
Has had a negative operating margin within the last two (2) complete calendar years; AND
Is not currently the subject of known investigation or enforcement action by CMS, the Department of Justice, HHS-OIG, the Office of the Attorney General or the Office of the Medicaid Inspector General.
“Capital Health Consulting’s team of experts have years of experience working with financially distressed providers and stand ready to assist you in developing and applying for much-needed relief funding,” said Lisa Wickens-Alteri, President/CEO of Capital Health Consulting. “We stand ready to help you identify and develop strategic initiatives to ensure access to essential community services and progress to financial stability.”
Capital Health Consulting can be reached at (518) 724-2480
or capitalhealthconsuting.com to discuss how we can help.