Exploring “Other Lines of Business” for Community Health Centers: Strategies, Risks, and Opportunities | Webinar
Exploring “Other Lines of Business” for Community Health Centers: Strategies, Risks, and Opportunities
Community health centers are increasingly looking beyond the HRSA-approved scope of project to develop “other lines of business” as a way to strengthen financial sustainability, respond to tightening restrictions on in-scope activities, and pursue innovative service models. This trend is fueled by growing financial pressures and new federal directives—Executive Orders and HRSA’s corresponding priorities—that limit what may be carried out within scope.
This webinar will explore how to establish and maintain an “other line of business” responsibly. We’ll discuss strategies for allocating expenses under federal grants management rules, examine the Section 330 statutory restriction on using nongrant funds to further project objectives, and highlight risk considerations and common pitfalls to avoid. Participants will gain practical insights on assessing compliance implications and gauging potential risks when moving forward with business development opportunities and learn best practices in documenting compliance with HRSA’s financial requirements.
We are excited to co-present with Peter Epp of CohnReznick, a CPA with 40 years of experience supporting community health centers. Together, we’ll bring both legal and financial perspectives to help health centers innovate with confidence!
Learning Objectives:
- Explain the “other lines of business” concept and how such activities are separate and distinct from the federally-funded health center project.
- Describe the grants management principles applicable to appropriately allocating expenses between the federally-funded health center project and other lines of business.
- Recognize common compliance pitfalls and risk areas, including the need to identify and navigate federal interest issues.
- Evaluate risk implications applicable to other lines of business.
Audience:
- CEOs
- CFOs
- COOs
- CMOs
- Executive Leadership
- Compliance Officers
- Risk Managers
- Legal Counsel
Presenters:
- Carrie Riley
- Petter Epp – Partner at CohnReznick
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