Approaches to Finance Medical Respite Outlined in New White Paper from Quantified Ventures and the National Institute for Medical Respite Care
By Catherine Stapleton and Sarah Styles Osborn
If you have questions about medical respite please reach out to Chester Czuj or Susan Donovan.
Note: This post first appeared on the Quantified Ventures blog
In our work with healthcare companies and community-based organizations we are increasingly focused on addressing health-related social needs through the provision of evidence-based care models financed through value-based arrangements.
One such example is medical respite, which provides temporary housing, post-acute medical care, behavioral health support, and wraparound services for individuals experiencing, or at-risk of, homelessness after discharge from an inpatient admission. By providing a safe bed, clean restrooms, nursing assistance, appropriate meals, and other services, medical respite can help individuals heal from acute conditions, stabilize chronic ailments, and break the cycle of hospitalization and homelessness by prioritizing connections to long-term housing solutions.
We are pleased to partner with the National Institute for Medical Respite Care and the National Healthcare for the Homeless Council to produce a new white paper that outlines various approaches to finance medical respite programs.
This resource offers providers, state and federal Medicaid leadership, policymakers, and managed care organizations specific partnership strategies and demystifies the financial solutions that ensure continuity and quality of care for patients with long-term health and housing needs.
In “Approaches to Financing Medical Respite / Recuperative Care Programs” we cover:
The demonstrated need for medical respite and recuperative care, and challenges to program expansion, such as reimbursement
Traditional models for medical respite payments
Emerging trends of medical respite payment models
Funding opportunities to expand and scale programs
The future state and strategies for effective partnerships and funding agreements
As we note in this white paper, “Medical respite will continue to be a needed service across the United States as rates of homelessness, substance use disorders, and mental health issues persist. Novel approaches to finance and scale medical respite programs are increasingly common, as the benefits of (and imperative to move toward) value-based care become more realized. Service providers, health care companies, and state governments are in strong positions to improve services and meet the increasing demand through new partnerships and financing agreements.”
The table below (from page 11 of the white paper) provides an overview of actions that these various stakeholders can take to advance medical respite financing, reduce the overall healthcare cost burden, and ensure sustainability and quality of care.
