PCDC Behavioral Health Care Resiliency Fund
NYS’ Behavioral Health providers have been uniquely impacted by the COVID-19 pandemic: in addition to the operational and financial challenges experienced by so many, the surge in mental health and substance abuse needs from patients further strained capacity to provide adequate care. Furthermore, Behavioral Health organizations were often left out of state and federal support programs, and many have had to undertake measures to continue providing care for patients at their own expense. Now, as they look to meet the demands of their communities in a “post-COVID” environment, these organizations are faced with needs to accommodate increased volumes and additional services. To address this dynamic, PCDC has established the Behavioral Health Care Resiliency Fund, a flexible, low-cost, and patient source of working capital for Article 31 and 32 providers.
Applications for the loan fund and/or technical assistance should be submitted to: ResiliencyFund@pcdc.org
Apply for the Behavioral Health Care Resiliency Fund
Click to access the Behavioral Health Care Resiliency Fund application. Review the Behavioral Health Information Page for more background and information. Applications for the loan fund should be submitted to: ResiliencyFund@pcdc.org
Resiliency Fund Usage
The Fund will provide up to $500,000 to cover expenses directly and indirectly attributable to the COVID-19 pandemic, as well as investments to support organizations as they prepare to serve their communities going forward. Uses include incurred and anticipated costs associated with PPE, staff (re)hiring and training, facilities redesign, new EHR platforms, expanded technology, and reorganized delivery models (e.g., tele-psychiatry). Uses of the Fund can also be used to cover temporary cashflow shortfalls associated with these events. For loan inquiries, please contact William O’Brien.
In addition, PCDC also offers technical assistance to improve operational efficiencies in a post-COVID environment. Areas of TA include improving telehealth operations, billing and coding, care integration models that include telemedicine, creating a safe environment for patients and staff, and triaging patients for engagement. If interested, please contact ikastenbaum@pcdc.org for a discussion of services and fees.
Eligibility
To be eligible for Behavioral Health Resiliency Fund financing, the applicant must be a NYS-licensed Article 31 or 32 provider. Required information includes evidence of past financial performance, management and organization descriptions, and some details about why the loan is being requested.
About the Funders
Funding for the Behavioral Health Care Resiliency Fund includes capital from PCDC, the CDFI Fund, Robin Hood, and OFN and Google’s Grow with Google Small Business Fund.
Behavioral Health Care Resiliency Fund Webinar
PCDC recently presented the Behavioral Health Care Resiliency Fund to the Coalition for Behavioral Health. Access the recording at the link below.
PCDC’s COVID-19 Resources
Through advocacy, investment, and quality transformation, PCDC is committed to helping create the system we need. Learn more about PCDC’s financing options, training and technical assistance services, and tips for implementing telehealth.
