Learn How the State's HELP II Low-Interest Loan Program Can Help Reduce Your Financial Stress
Thursday, March 7, 2024 | 2:30 – 3:30 PM
WHAT WE WILL COVER
The California Health Facilities Financing Authority (CHFFA), in the State Treasurer's Office, manages a program called the Healthcare Expansion Loan Program II (HELP II) which provides low-interest loans for eligible small or rural non-profit health facilities. It has successfully helped many Adult Day Health Care programs over the decades.
But, if you are a for-profit ADHC keep reading! CAADS has been in conversation with CHFFA to imagine what a similar program for a for-profit ADHC community would look like. We would love to gauge your interest in this idea during the webinar.
HELP II fixed-rate low-interest loans may be used to purchase or construct new facilities, remodel or renovate existing facilities, purchase equipment or furnishings, and refinance existing debt. Interest rates are currently 2-3%. HELP II eligibility requires, among other things, facilities with no more than $40m in gross revenues, must be in existence for at least three years performing the same type of services, and must provide audited financial statements for three fiscal years.
HOST
Lydia Missaelides, MHA, Interim Executive Director, California Association for Adult Day Services and Executive Director, Alliance for Leadership and Education
PRESENTERS
California Health Facilities Authority Presenters:
Carolyn Aboubechara, Executive Director
Bianca Smith, Deputy Executive Director
Summer Nishio, Bonds/Loans Team Manager
Brock Lewis, Program Manager
Tyler Bui, Staff Analyst
Rana Mayers, Staff Analyst
Careen Prince, Staff Analyst
WHO SHOULD ATTEND
All CAADS Members who may be interested in the program.
FEES
CAADS MEMBERS: No Charge (A benefit of membership!)
Register today! Log-in is required: Navigate to CAADS Member Resources - Webinars FREE to CAADS Members
NON-MEMBERS: Member's Only Event
Not a CAADS Member? You could get this webinar for FREE JOIN NOW
CAADS Office Hours: Claims Crisis Update (a Members Only event)
Friday, March 8, 2024
1:00 pm - 2:00 pm PT
GoToMeeting Event - Free to all CAADS Members
Since learning of the ransomware cyberattack on Change Health clearinghouse (a subsidiary of United Health) CAADS has been in steady, almost daily communication with LA Care and state department officials to discuss the status of resolving the fall-out from this unprecedented attack. We completely understand the impact this is having on cash flow.
To keep CAADS members fully informed as to what is known about the LA Care clearinghouse attack and other claims-related problems that have been escalating since the start of the year, Lydia Missaelides, CAADS Interim Executive Director will host a special Office Hours this Friday, March 8, 2024 from 1:00 to 2:00 PM. This is free to all CAADS members.
She will be joined by Renee Nashtut, CEO of TurboTar, who has worked closely with Lydia since the start of the year as a CAADS vendor partner and billing claims expert. We hope you can join us for this discussion.
WHO SHOULD ATTEND
All CAADS Members who are affected by the current billing claims crisis.
TO REGISTER
An email invitation with a registration link was sent to all members on Tuesday, March 5, 2024, at approximately 2:20 p.m. PT from Lydia@caads.org
Members can also log in to the CAADS Connect Portal and navigate to CAADS Members Resources > Webinars FREE to CAADS Members to access the registration link OR reach out to Nicole.
This webinar will not be recorded.
CONTACT INFO
Nicole Moureaux
916.552.7404
More FREE WEBINARS!
July 13, 2023 - Looking Back and Pushing Forward: State Budget Highlights and Advocacy Opportunities to Break New Ground for Adult Day Services
Jan. 27, 2023 - Emergency Remote Services (ERS): Lessons from the First Quarter
Recording & Materials for both can be found here.