The California Catalyst Fund, an initiative of the Nonprofit Finance Fund, in partnership with the California Healthcare Foundation and the Blue Shield of California Foundation, is designed to help community health centers as they adapt to the new healthcare delivery environment created by passage of the Affordable Care Act. Since its launch in March 2012, the fund has provided over $540,000 in financial support and expert help to more than twenty organizations across California.
The fund brings together community-based primary care providers and partners with TA providers to develop and implement strategic restructuring projects. Examples include administrative consolidation and joint programming, as well as more formal long-term partnerships such as joint ventures, corporate mergers, or the creation of management service organizations. The Catalyst Fund also makes technical assistance available to clinics that are seeking individual strategic financial planning support prior to partnership consideration.
Projects at all stages of development will be considered. Pre-Catalyst support is available to clinics and projects still in the preliminary phases of internal investigation and planning. For these projects, the fund underwrites technical assistance to assess internal financial and organizational capacity. Catalyst Fund support is available to nurture promising strategic restructuring projects involving existing or potential partnerships between two or more organizations. Support is available for projects with identified partners in varying stages of development, from due diligence to full implementation.
Technical assistance grants typically range from $10,000 to $50,000.
Applicants must be nonprofit providers of primary care based in California serving primarily underserved populations; or a consortium of organizations, the majority of which are made up of clinics that meet the above criteria. Eligible clinics include federally qualified health centers, FQHC look-alikes, rural health clinics, free clinics, and clinics owned and operated by critical access hospitals. Clinics owned and operated by academic medical centers or large nonprofit health care systems are not eligible.