#88: Investment Yields Cost Savings, Healthcare For Vulernable, Seniors
August 7, 2014 - Read the full Forbes article and watch the interview here: http://onforb.es/1zULPxb. Subscribe to this podcast on iTunes by clicking here: http://bit.ly/ymotwitunes or on Stitcher by clicking here: http://bit.ly/ymotwstitcher. An entirely new wave of health care reform is coming to America with financing from Vital Healthcare Capital, a nonprofit community development financial institution (CDFI). V-Cap, as Vital Healthcare Capital is known, just made its first social impact investment, $10 million dollars, into Commonwealth Care Alliance or CCA, which serves vulnerable populations, including frail seniors and adults with disabilities. Many of the folks served by CCA are eligible for both Medicaid and Medicare but often fall between the cracks in the system if only because they lack the resources to take advantage of the healthcare available to them. CCA reports that it has also proven the ability to reduce costs by helping patients to avoid unnecessary hospital stays and to live healthier lives. Those eligible for both Medicare and Medicaid represent just 15 percent of the Medicade population, but use 40 percent of the resources. Managing their care therefore presents a huge fiscal as well as social opportunity.