ITuA2 - Strategic Grants Management for FQHCs: Enhancing Financial Stability and Operational Efficiency

Session Description: Effective grants management is critical for Federally Qualified Health Centers (FQHCs) to ensure sustainability and optimize service delivery. Managing the FQHC 330 grant, COVID-19 relief funds, and other revenue streams strategically is essential for maintaining financial stability, maximizing resource utilization, and improving patient care outcomes. Given the increased demand for healthcare services, particularly in underserved communities, efficient management of these funds is more important than ever. This abstract outline a strategic approach to achieve these goals by focusing on financial reporting and transparency, resource allocation, and revenue diversification. The following objectives provide a roadmap for realizing these aims, underscoring the significance of robust grants management in supporting the mission of FQHCs.

Financial Reporting and Transparency: Development of Standardized Financial Reporting: Establishing a unified system for financial reporting that integrates all funding sources, ensuring clarity and accuracy in financial statements.

Training and Implementation: Providing necessary training for staff on the new reporting system to ensure seamless adoption and operational efficiency.

Compliance and Accountability: Ensuring compliance with HRSA requirements and other regulatory bodies and fostering accountability through transparent financial practices.