Presbyterian Home and Services
ANNUAL CONFERENCE RECAP | 2018
– Lutheran Care and Presbyterian Homes & Services in Oneida
County – under a new passive parent, Community Wellness Partners.
The affiliation provided opportunities to leverage state grant funding,
modernize both campuses and avoid possible acquisition by proprietary
competitors. As a result the grant funding and savings generated from
the consolidations of certain departments, the affiliation has had an
overall financial impact of $4.6 million.
As these LeadingAge New York members have shown, affiliations with
other LTPAC providers can provide a way to preserve not-for-profit
ownership and services. The resources and efficiencies that affiliations
bring can help organizations to strengthen their financial position and
quality of care, in the face of shrinking Medicare and Medicaid revenues,
new payment arrangements and changing market dynamics.
Our affiliation generated grant revenue and savings for a
total financial impact of $4.6 million.
–Michael Sweeney, president/CEO
Community Wellness Partners
We knew that increasing our scale and creating
a more geographically diverse core would
position us as a preferred partner for larger
acute and at-risk delivery systems.
–Jay Gormley, chief strategy and
planning officer, MJHS
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