$270M in New Funding to Community Health Centers

Posted on

AAFCPAs would like to make health center clients aware that the Consolidated Appropriations Act, 2024, was signed into law on March 9 and is slated to provide $270 million in new annual funding to community health centers. Backdated to the start of the current fiscal year, this funding brings the program’s total annual funding to $4.27 billion.

Health centers have faced numerous challenges when operating on low funding, all of which affect their ability to provide access to essential medical, dental, and behavioral services to low-income individuals, the uninsured, and the underinsured. High on this list are staffing shortages, rising costs, changes to Medicaid enrollment, and threats to the 340B program. This new funding is expected to support health care access nationwide while reducing the burden on 1,487 community health centers, primary care providers, and their staff.

AAFCPAs’ Healthcare Practice has provided financial, operational, and regulatory support to healthcare provider organizations for more than 50 years. While we view CAA2024 as a win, there is still work to be done. AAFCPAs joins health centers and their representatives in advocating for a multi-year funding extension that would carry forward beyond 2024. We advise that clients advocate for the same.

If you have questions, please contact Ciro Castaldi, CPA, MBA, Manager at 774.512.4193 or ccastaldi@nullaafcpa.com—or your AAFCPAs Partner.


About the Author

Ciro Castaldi

Ciro Castaldi, Jr., CPA, MBA

Ciro is responsible for planning and executing financial statement audits for diverse nonprofit organizations, including community health centers, early education & care agencies, membership & research organizations, and foundations & grant-making institutions. Ciro understands the nuances of assurance and compliance for clients funded by federal and state contracts, private foundations and grant-making public charities, as well as public donations. He has extensive experience supervising audits in accordance with Uniform Guidance/Single Audit and Government Auditing Standards, as …