Sentara, Optima donate $5.5M for Medicaid expansion

Norfolk, Va.-based Sentara Healthcare and its insurance plan Optima Health gave $5.5 million to four nonprofit organizations to support needs related to Virginia’s recent Medicaid expansion.

Advertisement

The gift was granted to the Virginia Community Healthcare Association, the Virginia Association of Free and Charitable Clinics, the Virginia Health Care Foundation, and the Federation of Virginia Food Banks. The organizations will oversee the distribution of the donations across 28 health clinics, as well as food banks and pantries.

Virginia rolled out Medicaid expansion in November 2018. The state’s expanded Medicaid population totals 225,000, with a total of 400,000 residents eligible, according to data from the Virginia Department of Medical Assistance Services.

“Many health providers and community clinics are scrambling to prepare for Medicaid expansion by growing clinical and support staffs and enhancing administrative structures,” Sentara said in a news release. “While the approval of Medicaid in Virginia provides health insurance for many residents previously without coverage, the need to ensure access to and continuity of care is immediate and vital. Sentara medical groups will also be increasing access to serve more Medicaid expansion patients.”

More articles on healthcare finance:
Mayo’s annual revenue climbs to $12.6B amid move to Epic EHR
North Carolina hospital forced into bankruptcy
1 in 5 rural hospitals at high risk of closing, analysis finds

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.