NCB Announces New Lending
Program for PACE Development
The National PACE Association (NPA) and the National Cooperative Bank (NCB) have announced a lending program to help finance a nationwide expansion of Programs of All-Inclusive Care for the Elderly (PACE®). Over the past 12 months, NPA has worked with NCB, a long-time leader in innovative social finance, to help NCB develop a PACE lending program to address the lending gaps NPA members face as they work to implement new or expand existing PACE programs.
“PACE is a model of care that has always faced hurdles in accessing sufficient and affordable financing,” said NPA president and CEO Shawn Bloom. “Because PACE is not easily understood, attracting adequate financing can be a challenge. For this reason, we were delighted to work with NCB to explore a PACE lending program. The new program will be a great benefit to the missions of both organizations.”
The NCB program will provide working capital and real estate lending to qualified PACE expansions and start-ups. Under the program, PACE providers will work with a dedicated NCB team that understands the PACE model well and is comfortable with the regulatory, Medicare and Medicaid structures that support it. Through the related LeverAge program, a partnership between LeadingAge, Grantmakers In Aging and NCB, NPA members who are also LeadingAge members may benefit from interest rate discounts, extended terms and credit support features.
“NCB has a history of supporting the development of affordable senior housing and aging services, including PACE,” according to Chuck Snyder, CEO of NCB. “We expect that this new avenue of financing will provide even more opportunities for PACE development and expansion in the future. We are delighted to be working with NPA to meet our shared mission of expanding access to critical services for people with low income.”
Networking Luncheon on the terrace of the Bayfront Hilton.
By Venise Lewis
The Annual Conference of the National PACE Association (NPA), held last month in San Diego, celebrated 20 years of providing support to Programs of All-Inclusive Care for the Elderly and passing the milestone of 100 PACE programs nationwide. The opening general session kicked off with a celebratory video commemorating the inception of PACE and NPA. The video features footage of PACE pioneers such as Marie-Louise Ansak and William Gee, as well as interviews with current PACE leaders throughout the country.
Pre-conference activities included a day-long Intake/Marketing Workshop; Nursing and Primary Care symposiums; and Primary Care, Public Policy and Education committee meetings. The conference featured more than 60 educational sessions. Eleven sponsors provided support, and there were more than 30 exhibitors.
Chula Vista Mayor Cheryl Cox welcomed the 600 conference attendees during the opening general session. Best-selling author Simon T. Bailey, founder of the Brilliance Institute, presented the keynote address. He encouraged organizations to recognize the “brilliant potential” of their employees and urged attendees to take charge of change and transform their lives from the inside out.
NPA 20th Anniversary
Video Now on YouTube
The video created by the National PACE Association to celebrate its 20th anniversary is now available on YouTube.
NPA debuted the video during the opening general session of its 2014 Annual Conference last month in San Diego. Earlier this month, the Centers for Medicare & Medicaid Services (CMS) incorporated the video in a training program it conducted.
Expanding PACE Through
New Payer Relationships
State and federal initiatives expanding managed care and introducing delivery system changes for long-term services and supports may create new opportunities for Programs of All-Inclusive Care for the Elderly (PACE®). The National PACE Association (NPA), with the support of The SCAN Foundation, asked PACE organizations, health plans and health systems to describe how they might form relationships to explore new opportunities.
The findings are presented in a new report, titled “PACE and Managed Care: Strategies for Expanding PACE Through New Payer Relationships.” The report details what PACE organizations and their prospective new partners have identified as the issues and approaches to forming new relationships. Three case studies of PACE organizations exploring new payer relationships also are included.
Senators Urge CMS to Release
Revised PACE Regulation
A bipartisan group of senators has sent a letter to the Centers for Medicare & Medicaid Services (CMS) urging the agency "to release a revised PACE regulation and foster a regulatory environment that increases access to the proven, high-quality, cost-effective PACE model."
This effort was led by Sens. Tom Carper (D-DE) and Pat Toomey (R-PA) and supported by Sens. Lamar Alexander (R-TN), Michael Bennet (D-CO), Cory Booker (D-NJ), Richard Burr (R-NC), Mike Enzi (R-WY), Bill Nelson (D-FL), Pat Roberts (R-KS), Marco Rubio (R-FL), Charles Schumer (D-NY), Debbie Stabenow (D-MI), and Mark Warner (D-VA).
ABC News reported on the senators' action yesterday.
NPA continues to work with CMS leadership to allow greater flexibility for Programs of All-Inclusive Care for the Elderly (PACE) and expand PACE to new populations.
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