Finance
No money, no mission. The finances of a community health center are among the most complex in the health care industry. (NACHC)
Maintaining a steady funding stream is a feat. We work with three major sources:
- Government grants
- Public health insurance reimbursements
- Private foundations & donors
Public Health Care Coverage Reimbursement
| Public Health Care Coverage | % of patients |
| ACE – Adult coverage Expansion | 23% |
| Medicaid | 36% |
| Medicare | 3% |
| Healthy Families, Healthy Kids, & other coverages | 9% |
61 Cents on the $1
In FY 2009-10 we billed a total of $8,062,797 in services. After claims adjustments, the net reimbursement revenue was $4,924,604. That’s just over 61 cents on the dollar.
Sliding Fee: Patients who do not qualify for any form of public insurance pay for their care on a sliding fee scale. Based on their annual income, the patient may pay from $20 to $50 per visit.
Grants provide 51% of our annual revenue. The largest grant is a Federal 330 grant that covers operating expenses for the uninsured which made up 60% of our patient population in 2010.
RFHC receives significant support for major health partners including Lucile Packard Children's Hospital, Kaiser Permanente, Palo Alto Medical Foundation, Stanford Hospital & Clinics and Sequoia Healthcare District. Click her to be linked to a list of Funders in 2010.
As our most recent audit for Fiscal year 2009-10 reveals, we have surpassed previous years with a significant increase in all areas. RFHC's FY 09-10 Independent Audit