Earlier this year, the Centers of Medicare and Medicaid Services (CMS) announced $50 billion in new funding for “Rural Health Transformation” grants. While we are waiting for final approvals, it is likely that the State of New Hampshire will receive around $500 million in funding under this program.
This will present potential funding opportunities for certain companies and service providers to serve as vendors to the State of New Hampshire.
The Rural Health Transformation program is aimed at strengthening care delivery across the state’s most underserved communities. The program is designed to support innovative partnerships among a wide array of healthcare, technology, and community entities to expand access to essential services, improve care coordination, address workforce shortages, and modernize rural health infrastructure. With a focus on practical, measurable improvements, the grant seeks to accelerate models that can deliver high-quality, sustainable care in rural regions and improve long-term health outcomes for residents. While the final amount being received is yet to be determined, we expect it to be near $500 million over 5 years.
If you have business interest in any of these areas, defined by the State of New Hampshire as priorities, you should be paying attention to this process.
- Telehealth, digital health, and remote monitoring providers
- Transportation
- Workforce and training delivery
- Behavioral health and SUD treatment
- Data, analytics, health information tech
- Mobile care delivery
- Healthcare facility development
- Pharmacy solutions/delivery/management
- Hospital/health systems or practices
- Social drivers of health
Within the next 2-3 weeks, the State of New Hampshire is expected to begin a process of competitively bidding many services in these segments for rural areas of the state.
Bernstein Shur’s new Strategic Economic Solutions group is uniquely positioned to help navigate what will be a complex process as painlessly as possible.
- Regulatory navigation
- RFP responses and strategic positioning
- Coalition formation and support
- Contracting and negotiation support
- Performance and reporting compliance management
- Troubleshooting with state government
If you have interest in this opportunity, please contact Bernstein Shur Strategic Economic Solutions. Companies or other vendors that begin to prepare will have that advantage once these programs are released.
Taylor Caswell is the Managing Director of Bernstein Shur Strategic Economic Solutions, a new consultancy helping public and private businesses, real estate developers, institutions and nonprofits plan, design, and implement complex economic development projects and growth strategies. The former Commissioner of New Hampshire’s Department of Business and Economic Affairs, Taylor combines high level government experience and economic strategy with practical problem-solving to help clients move transformative initiatives forward, offering expert advice on economic and business development strategy, advocacy and regulatory consulting, public funding, and public-private partnerships. He can be reached at [email protected].