Community Care Hub Financial Stability

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Achieving Financial Stability for Community Care Hubs

Partnership to Align Social Care stakeholders have developed a financial toolkit to support Community Care Hubs (CCHs) and communities contemplating establishing CCHs to understand the financial components of operating a hub. Check out resources from a recent webinar and join us on Feb. 10 for a peer-to-peer learning session to learn more! 

NEW RESOURCES:

In collaboration with the Camden Coalition, the Partnership published a series of resources that include:

  • A Financial Guide to CCHs detailing the market conditions that are prerequisites for pursuing a CCH and informing the development of a financial model to test the viability of a hub, including strategies for financing start-up costs, managing expenses, and maximizing revenue.
  • A Guide to Evaluating Revenue Opportunities for CCHs helping new and growing CCHs understand and evaluate distinct types of revenue opportunities.
  • A brief on Healthcare Market Assessment for CCHs detailing the importance of engaging in routine market assessments and how they can inform a CCH business strategy.

The Partnership and Camden Coalition hosted a webinar, The Sustainability Roadmap: Financial Modeling and Business Acumen for Community Care Hubs, featuring these new resources and a panel of CCH leaders discussing financial challenges and opportunities facing CCHs, the importance of building business acumen and financial models, and lessons on how to assess your market and build your business. 

We also invite stakeholders to join us on Tuesday, February 10 at Noon ET for a follow-up peer-to-peer learning session focused on achieving financial stability for Hubs.