Tag Archive for funding

Arkansas legislative panel nixes pre-K funding boost

Funding formula changes for hospitals taking effect

Part of a contentious provincial funding formula for hospitals, one thats been central in $7 million in cuts at Bluewater Health over four years, is getting an adjustment.

Weve been on the losing end of HBAM for the last several years, said Mike Lapaine, president and CEO of the hospital group Wednesday.

So hopefully the reset will address some of those losses.

Lapaine has been part of an about-15-person provincial committee reviewing the impact health-based allocation methodology (HBAM) population-based funding has had on hospitals like Bluewater Health since it was introduced in 2012.

The result: not good.

Services and jobs have been lost in Sarnia-Lambton hospitals, including, most recently, 12 net jobs.

Figuring out provincial funding is like splitting a pie among hospitals, Lapaine said.

What you have to be very conscious of is that how the pie gets sliced up is equitable and that the formula doesnt skew that, Lapaine said.

He, other hospital executives, Ontario Hospital Association and Health Ministry officials on the committee are trying to re-slice the pie more equitably by resetting HBAM.

Basically, that means accelerating some of the calculations so the results arent as skewed, Lapaine said.

Changes take effect this year.

An announcement about the amount of money Bluewater Health will be getting for this fiscal year April to March is expected within days, Lapaine said.

The provincial budget includes an extra $345 million for hospitals, including a one-per-cent increase to baseline funding; but specifics per hospital arent available yet. Its the first increase for Ontario hospitals in five years.

Were hopeful well be receiving it by the end of this month, Lapaine said.

Also, as a Health Ministry plan unfolds to rejig the provincial system giving local health integration networks (LHINs) direct authority over family doctors and home care, among other things future health-care funding will likely be very different, Lapaine said.

Currently hospitals draw from HBAM, payments for procedures, and a global funding pot. Theres also home-care funding, primary care funding and others.

In the future, expect bundled funding to go towards a patients journey through the health-care system stays in hospital, home care, etc. he said, rather than to individual institutions.

What theyre looking at is encapsulating funding around a whole episode of care, as opposed to just the components of care, he said, noting he thinks legislation is at least a year out.

Meanwhile, the latest numbers for Bluewater Health always two months delayed project a $1.3-million deficit for the year ended in March, down from $1.8 million in recent months.

The deficit, Bluewater Healths first in six years, Lapaine said, is due to funding-formula clawbacks.

He expects the deficit to shrink further as more data comes in, and Bluewater Health will have to absorb the deficit, he said, suggesting that will be done via working capital.

In February, some quality-based-procedure volumes picked up, and some staff took time off, leading to a bump in revenue and a drop in expenses respectively, he said.

Of the 12 net job losses since March 31, one was involuntary, he said.

tkula@postmedia.com

1000 start-up funding on horizon, deal size may drop

New Delhi: As many as 1,000 start-ups are expected to be funded this year, but the deal size is expected to be much smaller in comparison to the hyper funding in recent years, a report says.

According to VCCEdge, the financial research platform of the VCCircle Network, which is part of News Corp, there have been 255 deals till mid-April this year and going by this rate, the number of start-ups that may receive funding this year is likely to reach the 1,000 mark.

Startup funding deals in the first quarter of this year stood at USD 301 million, registering a 50 per cent decline over the same period a year ago when the figure stood at USD 611 million, indicating that this is a year of consolidation with start-up valuations getting trimmed and early-stage investors turning cautious.

Though the deal value has declined, start-up funding deal volume has remained fairly unchanged, with 234 transactions in January-March 2016 as against 232 deals in the year-ago period.

The deals data indicate that investors are clearly waiting on the sidelines by consolidating their existing portfolios and looking at only meaningful ones in those ventures with strong fundamentals and a good revenue earning model, Nita Kapoor, Head (India) New Ventures, News Corp, and CEO, The VCCircle Network, said.

Kapoor noted that the decline in series A deals or the first institutional level of venture funding for start-ups is particularly worrying, thereby making it essential for them adopt the strategy of Conserve and Grow.

Meanwhile, the share of start-ups in the overall private investment pie is on the rise. By volume, start-ups accounted for 70 per cent of the total transactions in 2015, up from 62 per cent in 2014.

Bengaluru continues to contribute around 25 per cent of the total start-up deal volume in India.

This report defines start-ups as companies that have reported raising an angel or seed-stage funding, or a Venture Capital round A or round B over the past five years.

Camogie county lost over €180000 in funding after ‘modern patriot’ mother falsified grant form

Mum-of-five Orla Considine (37), of Dangan, Tulla, pleaded guilty at Ennis District Court to two charges relating to falsifying the AIB bank statement in order to secure funding from the Clare Local Development Company on June 7, 2013.

However, Judge Patrick Durcan struck out the charges after describing Ms Considine as a modern patriot upon hearing she had devoted her life to Clare camogie on a voluntary basis for 20 years.

Det Garda Claire OShaughnessy said the grant was withdrawn when the company became aware Ms Considine had constructed the statement.

The court heard she didnt stand to gain personally and felt she couldnt get the proper document from the bank in time for the deadline.

The content of the document wasnt fictitious. Alternative funding was later found.

Irish Independent

Wetlands Protection Project Gets $1M In Federal Funding

Ducks, geese and other birds along a key migration route and breeding area in Wisconsin may be better protected thanks to new funding for a conservation effort. The US Fish and Wildlife Service says its giving $1 million to help protect and restore 2,400 acres of wetlands and nearby uplands in the Mukwonago and Fox River watersheds in southeastern Wisconsin.

Brian Glenzinski is a biologist with the group Ducks Unlimited, one of the partners in the nearly $4 million project. He said waterfowl in the area have a high breeding rate.

You combine that with the development pressure we have in that part of the state, and it makes it a critical place to focus our efforts to secure and protect some of this land, he said.

Glenzinski said most of the land that will be purchased will be open to the public, and allow for wildlife viewing.

Other partners in the project include the Wisconsin Department of Natural Resources, the Nature Conservancy, Waukesha County, and the City of Muskego.

Smaller Fish and Wildlife Service grants are going to a half-dozen other projects in Wisconsin.

Education funding in state budget hinges on Prop 123

PHOENIX (KPHO/KTVK) –

Arizona lawmakers are counting on voters to fund education with a yes vote on Proposition 123.

Lawmakers are expected to pass a $9.5 billion state budget by the end of the week. It includes $111 million in new education funding that will only be there if Prop. 123 passes in the May 17special election.

But the future of education funding is less clear if the controversial plan fails.

[READ MORE:AZ budget deal based on passage of Prop 123]

Gov. Doug Ducey has said theres really no backup plan for funding education in the state of voters do not approve Prop 123.

[RELATED:Governor and treasurer disagree on education funding proposition]

The measure is a compromise that would settle a long-standing lawsuit against the state that was brought by education bosses.

Supports of the measure say Prop. 123 puts $3.5 billion into education over the next 10 years and gives money to education now – about $300 extra per-student.

What we have here is a guaranteed plan.Its short term.That means we have 10 years to make sure that at the end of this period weve identified new funding sources, said Pearl Chang Esau, President of Expect More Arizona.

However, opponents of Prop. 123 point out a judge has already decided the state has to give education hundreds of millions of dollars in new funding — with or without Prop. 123. Some also believe that continuing the lawsuit could net more money for education without tapping into the State Land Trust which is not considered a permanent solution for funding education long term.

On Wednesday, a new poll from OH Predictive Insights showed support for Prop 123 at roughly 60 percent.Opposition to the measure is polling at about 33 percent, according to OH Predictive Insights.

Early voting is already underway and polls open for the special election on May 17.

RELATED:

  • Raw video: Gov. Ducey interview on Prop. 123
  • Raw video:TreasurerJeff DeWit news conference on Prop. 123
  • Ducey opponent Fred DuVal backing Proposition 123
  • Pros and cons of Prop 123
  • Raw Video: Mayor Stanton announces hes backing Prop 123
  • K-12 settlement campaign expected to raise millions
  • Governor signs $3.5B school funding deal

Copyright 2016 KPHO/KTVK (KPHO Broadcasting Corporation). All rights reserved.

After state funding hike, Missouri’s public universities freeze tuition

After state funding hike, Missouris public universities freeze tuition

Gov. Jay Nixon stopped at Missouri State University on Wednesday to sign House Bill 2003, the fiscal budget for higher education.

House adds education funding to budget

BOSTON — Although state legislators are happy with the added education funding in the House version of the fiscal 2017 state budget, local officials say they need more money for specific programs — from mental-health counseling to additional technology.

There is not a specific (fund) for technology costs in districts, said Littleton School Superintendent Kelly Clenchy, whose district provides Google Chromebooks, iPads and MacBook computers for students. The continued replenishment and purchase of the hardware is important.

The House fiscal 2017 budget, unanimously approved Wednesday, allots $159 million more for local aid than the governors version, including $4.61 billion for Chapter 70 funding.

Compromise needed on long-term road funding

The April 21 Free Press devoted much of the opinion page to the need in our region for long-term transportation funding. I couldn’t agree more. Indeed, it’s not only our region, but all of Minnesota that needs a comprehensive approach for improving our transportation with new long-term funding that we can count on for the next 10 years.

Gov. Dayton has laid out a plan that would address our burgeoning transportation needs over the next decade, including completing four lanes on Highway 14 from New Ulm to Rochester. The Minnesota Senate has adopted a similar approach in the transportation bill that they passed last session. Both the governor and the Senate focus on using constitutionally-dedicated funding for roads and bridges and funding transit in the seven county metro area by adding either 1 or ½ cent to local sales taxes in those counties.

Minnesotans elected a new House of Representatives in 2014, with most incumbents and newly elected representatives promising to support a long-term solution for transportation. The GOP-led House passed a transportation bill that relied on borrowing and using existing funds to pay for new roads and bridges. Their proposal diverts money from the general fund and provides no new constitutionally-dedicated funding.

The Biggest Problem With Outside Funding

The Entrepreneur Insiders network is an online community where the most thoughtful and influential people in America’s startup scene contribute answers to timely questions about entrepreneurship and careers. Today’s answer to the question “What are some tips for maintaining a successful startup?” is written by William Vanderbloemen, founder and CEO of Vanderbloemen Search Group.

While maintaining a successful startup is extremely challenging (and rare), there is good news for those entrepreneurs who have had at least some measure of success early on. The most important piece is that you have found a product or service that works well and helps the market in creative and useful ways, proof that it’s not simply left to luck.

By applying these three tips, you can strategically set your business up for lengthy and sustainable success:

  1. Beware of “shiny object syndrome”

Dont lose focus on what has brought you to where you are. Often, the very thing that makes an entrepreneur gifted enough to spot an opportunity and run with it can lead to an overextension of time, money, and resources.

A great entrepreneurial spirit has a shadow side, and I call it SOS: shiny object syndrome. Too often, businesses start out great, but try to expand offerings in a number of directions that do not align with the business’ core offering.

I experienced this firsthand in the early days of starting Vanderbloemen Search Group. Early on, we were asked to expand our offerings to include vision consulting, and because it was a fascinating opportunity, we looked into it. We were also asked to do real estate mergers for large churches, which piqued my curiosity. But thanks to some wise direction from a consultant, we drilled down on the singular focus of helping churches build great teams. Having that singular focus has acted as an anchor for us and our vision as we’ve grown.

See also: 5 Reasons Startups Fail

  1. Keep the duct tape

Dont overspend, particularly on office overhead. The beauty of startups is that everyone who helps at the start is, as I say, really good with duct tape. But once you experience a little success and that all-hands-on-deck spirit is gone, things can easily become bloated.

Even as I’m writing this, Im a little afraid of losing this “duct tape spirit” of our company because we’re moving into a new office. This is our third space (we started in an old, crowded house on the edge of Rice Universitys campus), and once again we are out of room. But going forward, every new hire will only know the nice, new office–not the days of the broom closet that we turned into a makeshift podcast recording booth. While the actual need for an all-hands-on-deck approach will shrink as your company grows, fight to keep the “duct tape spirit” alive on your team.

  1. Protect your soul

Be extremely careful when considering outside funding. Some industries, like software solutions, require a quick turnaround from startup to market. That usually only comes with outside investors. However, the moment you take money from outsiders is the moment you go from being the founder to being someone who can be fired.