Funding for Hospital Projects – Overview
Healthcare is extremely essential for every country. The government offers monetary assistance, grants and funds to healthcare providers, hospitals and research centers to promote better healthcare delivery to all. Such funds and grants have proven extremely crucial for small healthcare centers and large hospitals to improve their overall service quality and ensure optimal healthcare for every patient.
If you are a hospital looking to get funding for hospital projects, then you’ve come to the right place. In this article, we have outlined several top ways to secure funding for hospital projects.
Grants and Funds for Hospital Projects
Here’s our selection of the best sources to secure funding for hospital projects:
1 – Rural Healthcare Provider Transition Project
The National Rural Health Resource Center sponsors the Rural Healthcare Provider Transition Project. This program offers technical assistance for rural healthcare centers to develop infrastructure for value-based care (VBC) with a focus on efficiency, safety, quality and patient experience.
This program is designed to help rural hospitals and rural clinics prepare for participation in VBC using a health system based on values. With the help of this program, rural healthcare centers and hospitals can provide consultation and mentoring to support the hospital or healthcare center through the transition to value-based patient care strategies and prepare for alternative payment modes. This program helps hospitals in rural settings to provide comprehensive consultation that helps assess the healthcare system’s readiness to deal with risks. Additionally, this program offers peer-to-peer education, webinar series and Recommendation Adoption Progress (RAP) calls to better document progress and success.
To be eligible for this program, the healthcare center or hospital should be come under the definition of a non-federal short-term general acute care hospital. It should be located in a rural area as defined in rural areas pursuant to 42 U. S. C. 1395 (D).
To learn further details of eligibility criteria and application process, feel free to visit the official website at https://www.ruralcenter.org/rhptp.
2 – AHRQ Health Services Research Projects (R01)
The Agency for Healthcare Research and Quality, along with the US Department of Health and Human Services sponsors the Health Services Research Projects (R01). The purpose of this program is to support specific healthcare research projects that cater to inner-city and rural areas, which include frontier areas and other AHRQ priority populations.
These funds are allocated for hospital projects that are intended to improve the quality of healthcare delivery and making healthcare safer by making it accessible and affordable. Recipients need to work with the Department of Health and Human Services and similar partners to ensure that the evidence presented in understandable and useful.
Some of the specific project types that are supported by this program include research studies that will help improve healthcare safety for patients, harness data and use technology that improves healthcare quality and patient outcomes, as well as enhance accessibility and affordability of healthcare by studying new and effective market methods for healthcare delivery and healthcare financing.
The eligibility criteria for this program require the applicant to be higher education institutions, public or state-controlled institutions, private institutions, nonprofit organizations, faith-based or community-based organizations, Native American tribal organizations, regional organizations, state/county/city/town/special districts government organizations, federal government agencies, small businesses and even for-profit organizations.
To learn specific details of eligibility criteria and application process, feel free to visit the official website at www.grants.gov/web/grants.
3 – AHRQ Small Research Grant Program (R03)
The US Department of Health and Human Services along with the Agency for Healthcare Research and Quality offers the Small Research Grant Program. This funding program is intended to support various health services research projects, such as secondary analysis of existing data, feasibility and pilot studies, along with the development of new research technology, research methodology and for funding small, self-contained research initiatives.
The funding is granted to healthcare organizations that are focused on research to improve healthcare safety for patients, use innovative technology and accurate data for optimal diagnosis and treatment of patients and for research into ways that can improve accessibility and affordability of healthcare services through evaluation of innovative methods for healthcare delivery and financing.
The eligibility criteria for this funding for hospital projects requires the application to be higher education institutes, public or state-controlled educational and healthcare institutes, faith-based or community-based organizations, regional organizations, government agencies, for-profit organizations and even small businesses that are focused on research to improve accessibility and affordability of healthcare services in the country.
To learn the specific eligibility and application process details, we recommend you to visit the official website at https://www.grants.gov/web/grants.
These are just our top selection of the best sources to get funding for hospital projects. To learn about more such opportunities, feel free to search our website for information on additional grants and funding sources.